California Schedule J (Form 541) - Trust Allocation Of An Accumulation Distribution - 2011 Page 2
Download a blank fillable California Schedule J (Form 541) - Trust Allocation Of An Accumulation Distribution - 2011 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete California Schedule J (Form 541) - Trust Allocation Of An Accumulation Distribution - 2011 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2Part IV Allocation to Beneficiary. See Part IV Instructions below. Complete Part IV for each beneficiary.
If the accumulation distribution is allocated to more than one beneficiary, attach an additional Schedule J with Part IV completed for each additional beneficiary. If
more than four throwback years are involved, attach additional schedules.
Beneficiary’s name
Identifying number
(a)
(b)
(c)
Beneficiary’s address (number and street, PO Box, or PMB no.)
Apt. no./Ste. no.
Enter amount from
Enter amount from
Enter amount from
Part II, line 13
Part II, line 14
Part II, line 16
City, State, and ZIP Code
allocated to this
allocated to this
allocated to this
beneficiary
beneficiary
beneficiary
26 Throwback year ending ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
27 Throwback year ending ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
28 Throwback year ending ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
29 Throwback year ending ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
30 Total. Add amounts from line 26 through line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
General Information
Line 7 – Distributions made during earlier years.
1972-1979 . . . . . .Schedule F-1 (541), lines 1(a)-1(c)
Enter the applicable amounts as follows:
1980. . . . . . . . . . . . . . . Schedule K-1 (541), lines 2-4
California has conformed to federal provisions of the
1981. . . . . . . . . . . . . . . Schedule K-1 (541), lines 1-3
Throwback Year(s):
Amount From:
Taxpayer Relief Act of 1997 repealing the throwback
1982. . . . . . . . . . . . . . . . . . Schedule D (541), line 25
rules for certain domestic trusts. However, if the trust
1969-1978 . . . . . . . . . Schedule I, (Form 541), line 3
1983. . . . . . . . . . . . . . . . . . Schedule D (541), line 30
1979 . . . . . . . . . . . . . . . . . Part D, (Form 541), line 8
did not pay tax on the beneficiary’s interest because
1984. . . . . . . . . . . . . . . . . . Schedule D (541), line 33
the beneficiary was contingent, the income that
1980 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 58
1985-1986 . . . . . . . . . . . . . Schedule D (541), line 28
1981-1984 . . . . . . . . . . . . . . . . . . .Form 541, line 60
would have been taxed is included by the beneficiary
1987. . . . . . . . . . . . . . . . . . Schedule D (541), line 24
in the year it is distributable or distributed; see
1985-1986 . . . . . . . .Schedule 3, (Form 541), line 14
1988-2010 . . . . . . . . . . . . Schedule D (541), line 9(a)
1987 . . . . . . . . . . . . .Schedule 3, (Form 541), line 13
California Revenue and Taxation Code (R&TC)
Line 22 – Total taxable income
Section 17745(b).
1988-1998 . . . . . . . Schedule B, (Form 541), line 12
Enter the applicable amounts as follows:
1999-2010 . . . . . . . Schedule B, (Form 541), line 11
Purpose
Throwback Year(s):
Amount From:
Line 6 – Tax-exempt interest included on line 13.
File Schedule J (541), Trust Allocation of an
For each throwback year, divide line 15 by line 6 and
1969 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 19
Accumulation Distribution, with Form 541,
multiply the result by one of the following:
1970-1971 . . . . . . . . . . . . . . . . . . .Form 541, line 20
California Fiduciary Income Tax Return, to report
1972-1979 . . . . . . . . . . . . . . . . . . .Form 541, line 18
Throwback Year(s):
Amount From:
an accumulation distribution by domestic complex
1980-1984 . . . . . . . . . . . . . . . . . . .Form 541, line 22
1969-1978 . . . . . . Schedule H, (Form 541), line 2(a)
trusts and certain foreign trusts.
1985-1986 . . . . . . . . . . . . . . . . . . .Form 541, line 23
1979 . . . . . . . . . . . . . . . Part D, (Form 541), line 2(a)
1987-1989 . . . . . . . . . . . . . . . . . . .Form 541, line 21
Access by Internet
1980 . . . . . . . . . . . . . . . . . . . . . Form 541, line 52(a)
1990-1996 . . . . . . . . . . . . . . . . . . .Form 541, line 19
1981-1984 . . . . . . . . . . . . . . . . Form 541, line 54(a)
You can download, view, and print California tax forms
1997-2010 . . . . . . . . . . . . . . . . . . .Form 541, line 20
1985-1986 . . . . . . . . Schedule 3, (Form 541), line 3
and publications at ftb.ca.gov.
Part IV
1987 . . . . . . . . . . . . . Schedule 3, (Form 541), line 2
Specific Instructions
1988-2010 . . . . . . . . Schedule B, (Form 541), line 2
Allocation to Beneficiary
Part III
Part I
Complete Part IV for each beneficiary. If the
accumulation distribution is allocated to more
Accumulation Distribution in 20
Taxes Imposed on Undistributed Net Income
than one beneficiary, attach an additional copy
For the regular tax computation, if there is a capital
Generally, the beneficiary may exclude amounts
of Schedule J with Part IV completed for each
accumulated before the beneficiary becomes
gain, complete line 18 through line 25 for each
additional beneficiary. If more than four throwback
throwback year. If there is no capital gain for any
age 21. For multiple trusts exceptions, see Internal
years are involved, attach additional schedules.
Revenue Code (IRC) Sections 665 and 667(c). The
year (or there is a capital loss for every year), enter
Nonresident Beneficiaries. In the case of a
trustee reports the total amount of the accumulation
on line 9 the amount of the tax for each year entered
nonresident beneficiary, enter on line 26 through
distribution before any reduction for income
for line 18; do not complete Part III.
line 29, column (a), only that ratio of income from
accumulated before the beneficiary becomes age 21.
If the trust received an accumulation distribution
California sources as the amount on Part II, line 13
The beneficiary claims the exclusion when filing
from another trust, see the federal Treasury
bears to the amount on Part II, line 10. Enter on
form FTB 5870A, Tax on Accumulation Distribution
Regulations under IRC Sections 665-668.
line 26 through line 29, column (b), only that ratio
of Trusts, if the multiple trust rules do not apply.
Line 8 – Tax
of the amount on Part II, line 14 as the amount in
This is because one trustee may be unaware that the
Enter the applicable tax amounts as follows:
column (a) bears to the amount on Part II, line 13.
beneficiary may be a beneficiary of other trusts with
other trustees.
Throwback Year(s):
Amount From:
Attach separate schedules supporting allocation of
income to sources within and outside California.
1969 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 20
Part II
1970-1971 . . . . . . . . . . . . . . . . . . .Form 541, line 21
Under R&TC Section 17953, income from trusts
You must complete Part III before completing this
1972-1979 . . . . . . . . . . . . . . . . . . .Form 541, line 19
deemed distributed to nonresident beneficiaries
part.
1980-1981 . . . . . . . . . . . . . . . . . . .Form 541, line 23
is income from sources within California only if
1982-1984 . . . . . . . . . . . . . . . . Form 541, line 23(c)
derived out of trust income derived from sources
Ordinary Income Accumulation Distribution
1985-1986 . . . . . . . . . . . . . . . . Form 541, line 24(c)
within California. Generally, for purposes of R&TC
Line 6 – Distributable net income for earlier years.
1987-1989 . . . . . . . . . . . . . . . . Form 541, line 22(c)
Section 17953, the nonresident beneficiary shall
Enter the applicable amounts as follows:
1990-1996 . . . . . . . . . . . . . . . . Form 541, line 20(a)
be deemed to be the owner of intangible personal
Throwback Year(s):
Amount From:
1997-2010 . . . . . . . . . . . . . . . . Form 541, line 21(a)
property from which the income of the trust is
derived.
1969-1978 . . . . . . . . Schedule H, (Form 541), line 5
Line 20 – Enter the applicable net capital gain
1979 . . . . . . . . . . . . . . . . . Part D, (Form 541), line 5
distributed as follows:
If the beneficiary is a nonresident individual or a
1980 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 55
foreign corporation, see IRC Section 667(e) about
Throwback Year(s):
Amount From:
1981-1984 . . . . . . . . . . . . . . . . . . .Form 541, line 57
retaining the character of the amounts distributed to
1969. . . . . . . Form 541, Side 1, line 17 plus amounts
1985-1986 . . . . . . . .Schedule 3, (Form 541), line 11
determine the amount of withholding tax.
from Schedule F-1 (541), lines 1 and 2
1987 . . . . . . . . . . . . . .Schedule 3, (Form 541), line 9
The beneficiary may use form FTB 5870A to compute
1970-1971 . . Form 541, Side 1, line 18 plus amounts
1988-1998 . . . . . . . . Schedule B, (Form 541), line 8
the tax on the distribution.
from Schedule F-1 (541), lines 1 and 2
1999-2010 . . . . . . . . Schedule B, (Form 541), line 7
Side 2 Schedule J (541) 2011
7862113
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial