Form It 1041 - Fiduciary Income Tax Return - 2013 Page 4

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IT 1041
2013
Rev. 9/13
Fiduciary
13180406
Income Tax Return
FEIN
SCHEDULE E – NONREFUNDABLE BUSINESS CREDITS
Note: Schedule E is not included in this return (see page 9 of the instructions).
SCHEDULE F, G, H AND I FOR TRUSTS ONLY
See instructions for a detailed explanation of “Matching, Against Income and Gain, Expense Amounts and Distribution Deduction.”
SCHEDULE F – ALLOCATED QUALIFYING TRUST AMOUNTS
If the amount below is negative, type a negative sign (“–”) before the figure.
This schedule is used to allocate qualifying trust amounts for trusts recognized gains or losses from the disposition of closely held investments.
56. Enter the trust’s portion of capital gains/losses recognized to the extent included in Ohio
taxable income (line 3) if the location of the physical assets of the closely held investee is
0 0
.
available (see instructions)
.............................................................................................................56.
..............57.
57. Enter the percentage of the closely held investee’s physical assets located within Ohio
0 0
.
.................58.
58. Multiply the amount on line 56 by the percentage on line 57. Enter here and on line 4
SCHEDULE G – APPORTIONED INCOME FOR TRUSTS
If the amount below is negative, type a negative sign (“–”) before the fi gure.
....................................................26.
59. Enter (i) the trust’s business income not included in line 56 and (ii) the trust’s qualifying
0 0
.
..............59.
investment income not otherwise a part of business income and not included in line 56
60. Enter the Ohio apportionment ratio from line 75 of the apportionment worksheet on page 5
.........60.
61. Multiply the amount on line 59 by the apportionment ratio on line 60. Enter here and on
0 0
.
line 5
...............................................................................................................................................61.
SCHEDULE H – ALLOCATED NONBUSINESS INCOME FOR TRUSTS
If the amount below is negative, type a negative sign (“–”) before the figure.
If distributive share is business income from a pass-through entity, please use Schedule G.
62. Resident trusts: Enter the trust’s portion of Ohio taxable income (line 3) not reported on lines
0 0
.
56 or 59
...........................................................................................................................................62.
63. Nonresident trusts: Enter the trust’s portion of Ohio taxable income (line 3) not reported
on lines 56 or 59 to the extent such income (i) was derived from real or tangible property
located in or based in Ohio or (ii) was sitused to Ohio (see instructions for line 63) or (iii)
0 0
.
was described in Ohio Revised Code section 5747.212
................................................................63.
0 0
.
..........................................................................64.
64. Add lines 62 and 63 and enter here and on line 6
SCHEDULE I – TAX CREDIT FOR RESIDENT TRUSTS
If the amount below is negative, type a negative sign (“–”) before the fi gure.
65. Enter the amount of allocated resident trust nonbusiness income (line 62, above) subject
0 0
.
to tax in one or more states or in the District of Columbia
..............................................................65.
0 0
.
66. Enter the amount from line 8
..........................................................................................................66.
0 0
.
67. Enter the amount of modifi ed Ohio taxable income from line 7
......................................................67.
68. Divide line 66 by line 67 and enter the percentage here. This is the average effective tax
rate
.................................................................................................................................................68.
0 0
.
69. Multiply the amount on line 65 by the percentage reported on line 68
...........................................69.
70. Enter the amount of tax actually paid by the resident trust to another state or the District of
0 0
.
Columbia on the trust’s allocated nonbusiness income
..................................................................70.
71. Enter the smaller of the amount on lines 69 and 70. This is the resident trust’s Ohio tax
0 0
.
....................................................................................................71.
credit. Enter here and on line 10
2013 IT 1041
2013 IT 1041
pg. 4 of 5

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