Schedule K-1 (Form 1041) - Beneficiary'S Share Of Income, Deductions, Credits, Etc. - 2012 Page 2

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Schedule K-1 (Form 1041) 2012
Page
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This list identifies the codes used on Schedule K-1 for
12. Alternative minimum tax (AMT) items
beneficiaries and provides summarized reporting information for
Code
Report on
beneficiaries who file Form 1040. For detailed reporting and filing
A Adjustment for minimum tax purposes
Form 6251, line 15
information, see the Instructions for Schedule K-1 (Form 1041) for a
B AMT adjustment attributable to
Beneficiary Filing Form 1040 and the instructions for your income
qualified dividends
tax return.
C AMT adjustment attributable to
net short-term capital gain
Report on
1. Interest income
Form 1040, line 8a
D AMT adjustment attributable to
net long-term capital gain
2a. Ordinary dividends
Form 1040, line 9a
See the beneficiary’s
2b. Qualified dividends
Form 1040, line 9b
instructions and the
E AMT adjustment attributable to
Instructions for Form 6251
unrecaptured section 1250 gain
3. Net short-term capital gain
Schedule D, line 5
4a. Net long-term capital gain
Schedule D, line 12
F AMT adjustment attributable to
28% rate gain
4b. 28% rate gain
28% Rate Gain Worksheet, line 4
(Schedule D Instructions)
G Accelerated depreciation
4c. Unrecaptured section 1250 gain
H Depletion
Unrecaptured Section 1250 Gain
}
Worksheet, line 11 (Schedule D
I Amortization
Instructions)
J Exclusion items
2013 Form 8801
5. Other portfolio and nonbusiness
Schedule E, line 33, column (f)
13. Credits and credit recapture
income
A Credit for estimated taxes
Form 1040, line 63
6. Ordinary business income
B Credit for backup withholding
Form 1040, line 62
Schedule E, line 33, column (d)
or (f)
C Low-income housing credit
7. Net rental real estate income
Schedule E, line 33, column (d)
or (f)
D Rehabilitation credit and energy credit
E Other qualifying investment credit
8. Other rental income
Schedule E, line 33, column (d)
or (f)
F Work opportunity credit
G Credit for small employer health
9. Directly apportioned deductions
insurance premiums
Code
H Alcohol and cellulosic biofuel fuels credit
A Depreciation
Form 8582 or Schedule E, line
33, column (c) or (e)
I Credit for increasing research activities
B Depletion
Form 8582 or Schedule E, line
J Renewable electricity, refined coal,
33, column (c) or (e)
and Indian coal production credit
C Amortization
Form 8582 or Schedule E, line
K Empowerment zone and renewal
33, column (c) or (e)
community employment credit
10. Estate tax deduction
Schedule A, line 28
See the beneficiary’s instructions
L Indian employment credit
11. Final year deductions
M Orphan drug credit
A Excess deductions
Schedule A, line 23
N Credit for employer-provided child
B Short-term capital loss carryover
Schedule D, line 5
care and facilities
C Long-term capital loss carryover
Schedule D, line 12; line 5 of the
O Biodiesel and renewable diesel fuels
wksht. for Sch. D, line 18; and
credit
line 16 of the wksht. for Sch. D,
line 19
P Nonconventional source fuel credit
D Net operating loss carryover —
Form 1040, line 21
Q Credit to holders of tax credit bonds
regular tax
R Agricultural chemicals security credit
Form 6251, line 11
E Net operating loss carryover —
S Energy efficient appliance credit
minimum tax
T Credit for employer differential wage
payments
U Recapture of credits
14. Other information
A Tax-exempt interest
Form 1040, line 8b
B Foreign taxes
Form 1040, line 47 or
Sch. A, line 8
Form 8903, line 7, col. (b) (also
C Qualified production activities income
see the beneficiary's instructions)
D Form W-2 wages
Form 8903, line 17
E Net investment income
Form 4952, line 4a
F Gross farm and fishing income
Schedule E, line 42
G Foreign trading gross receipts
See the Instructions for
(IRC 942(a))
Form 8873
H Other information
See the beneficiary’s instructions
Note. If you are a beneficiary who does not file a Form 1040,
see instructions for the type of income tax return you are filing.

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