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Part IV Allocation to Beneficiary. See Part IV Instructions below. Complete Part IV for each beneficiary.

Beneficiary’s name

Identifying number

Beneficiary’s address (number and street, PO Box, or PMB no.)

Apt. no./Ste. no.

(a)

(b)

(c)

Enter amount from

Part II, line 13

Part II, line 14

Part II, line 16

City, State, and ZIP Code

allocated to this

beneficiary

26 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30 Total. Add amounts from line 26 through line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .



31 Is this beneficiary a nonresident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

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

1969-1978 . . . . . . . . . . Form 541, Schedule I, line 3

rules for certain domestic trusts. However, if the trust

1983. . . . . . . . . . . . . . . . . . Schedule D (541), line 30

1979 . . . . . . . . . . . . . . . . . . .Form 541, Part D, line 8

did not pay tax on the beneficiary’s interest because

1984. . . . . . . . . . . . . . . . . . Schedule D (541), line 33

1980 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 58

the beneficiary was contingent, the income that

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

1985-1986 . . . . . . . . . Form 541, Schedule 3, line 14

in the year it is distributable or distributed; see

1988-2013 . . . . . . . . . . . . Schedule D (541), line 9(a)

1987 . . . . . . . . . . . . . . Form 541, Schedule 3, line 13

California Revenue and Taxation Code (R&TC)

1988-1998 . . . . . . . . . Form 541, Schedule B, line 12

Line 22 – Total taxable income

Section 17745(b).

1999-2013 . . . . . . . . . Form 541, Schedule B, line 11

Enter the applicable amounts as follows:

Purpose

Line 16 – Tax-exempt interest included on line 13.

Throwback Year(s):

Amount From:

For each throwback year, divide line 15 by line 6 and

1969 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 19

File Schedule J (541), Trust Allocation of an

multiply the result by one of the following:

1970-1971 . . . . . . . . . . . . . . . . . . .Form 541, line 20

Accumulation Distribution, with Form 541,

1972-1979 . . . . . . . . . . . . . . . . . . .Form 541, line 18

California Fiduciary Income Tax Return, to report

Throwback Year(s):

Amount From:

1980-1984 . . . . . . . . . . . . . . . . . . .Form 541, line 22

an accumulation distribution by domestic complex

1969-1978 . . . . . . . Form 541, Schedule H, line 2(a)

1985-1986 . . . . . . . . . . . . . . . . . . .Form 541, line 23

trusts and certain foreign trusts.

1979 . . . . . . . . . . . . . . . . Form 541, Part D, 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)

1997-2010 . . . . . . . . . . . . . . . . . . .Form 541, line 20

You can download, view, and print California tax forms

1985-1986 . . . . . . . . . .Form 541, Schedule 3, line 3

2011-2013 . . . . . . . . . . . . . . . . . . Form 541, line 20a

and publications at ftb.ca.gov.

1987 . . . . . . . . . . . . . . .Form 541, Schedule 3, line 2

Part IV

Specific Instructions

1988-2013 . . . . . . . . . .Form 541, Schedule B, line 2

Part III

Allocation to Beneficiary

Part I

Complete Part IV for each beneficiary. If the

Taxes Imposed on Undistributed Net Income

accumulation distribution is allocated to more than

Accumulation Distribution in 2014

For the regular tax computation, if there is a capital

California R&TC Section 17779 specifically excludes

one beneficiary, attach an additional copy of

gain, complete line 18 through line 25 for each

Schedule J (541) with Part IV completed for each

from conformity Internal Revenue Code (IRC)

throwback year. If there is no capital gain for any

Section 665. Therefore, California law does not

additional beneficiary. If more than four throwback

year (or there is a capital loss for every year), enter

years are involved, attach additional schedules.

conform to federal law to exempt from taxation

on line 9 the amount of the tax for each year entered

those accumulations occurring prior to a beneficiary

Nonresident Beneficiaries. In the case of a

for line 18; do not complete Part III.

turning age 21. For multiple trusts exceptions, see

nonresident beneficiary, enter on line 26 through

IRC Sections 665 and 667(c). The trustee reports the

If the trust received an accumulation distribution

line 29, column (a), only that ratio of income from

from another trust, see the federal Treasury

total amount of the accumulation distribution.

California sources as the amount on Part II, line 13

Regulations under IRC Sections 665-668.

Part II

bears to the amount on Part II, line 10. Enter on

Line 18 – Tax

line 26 through line 29, column (b), only that ratio

You must complete Part III before completing this

Enter the applicable tax amounts as follows:

of the amount on Part II, line 14 as the amount in

part.

column (a) bears to the amount on Part II, line 13.

Throwback Year(s):

Amount From:

Ordinary Income Accumulation Distribution

1969 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 20

Attach separate schedules supporting allocation of

1970-1971 . . . . . . . . . . . . . . . . . . .Form 541, line 21

income to sources within and outside California.

Line 6 – Distributable net income for earlier years.

1972-1979 . . . . . . . . . . . . . . . . . . .Form 541, line 19

Enter the applicable amounts as follows:

Under R&TC Section 17953, income from trusts

1980-1981 . . . . . . . . . . . . . . . . . . .Form 541, line 23

deemed distributed to nonresident beneficiaries is

Throwback Year(s):

Amount From:

1982-1984 . . . . . . . . . . . . . . . . Form 541, line 23(c)

income from sources within California only if the

1969-1978 . . . . . . . . . .Form 541, Schedule H, line 5

1985-1986 . . . . . . . . . . . . . . . . Form 541, line 24(c)

income is derived from sources within California.

1979 . . . . . . . . . . . . . . . . . . .Form 541, Part D, line 5

1987-1989 . . . . . . . . . . . . . . . . Form 541, line 22(c)

Generally, for purposes of R&TC Section 17953, the

1980 . . . . . . . . . . . . . . . . . . . . . . . .Form 541, line 55

1990-1996 . . . . . . . . . . . . . . . . Form 541, line 20(a)

nonresident beneficiary shall be deemed to be the

1981-1984 . . . . . . . . . . . . . . . . . . .Form 541, line 57

1997-2013 . . . . . . . . . . . . . . . . Form 541, line 21(a)

owner of intangible personal property from which the

1985-1986 . . . . . . . . . Form 541, Schedule 3, line 11

Line 20 – Enter the applicable net capital gain

income of the trust is derived.

1987 . . . . . . . . . . . . . . . Form 541, Schedule 3, line 9

distributed as follows:

1988-1998 . . . . . . . . . . Form 541, Schedule B, line 8

If the beneficiary is a nonresident individual or a

1999-2013 . . . . . . . . . . Form 541, Schedule B, line 7

Throwback Year(s):

Amount From:

foreign corporation, see IRC Section 667(e) about

1969. . . . . . . Form 541, Side 1, line 17 plus amounts

retaining the character of the amounts distributed to

from Schedule F-1 (541), lines 1 and 2

determine the amount of withholding tax.

1970-1971 . . Form 541, Side 1, line 18 plus amounts

The beneficiary may use form FTB 5870A, Tax on

from Schedule F-1 (541), lines 1 and 2

Accumulation Distribution of Trusts, to compute the

tax on the distribution.

Side 2 Schedule J (541) 2014

7862143

California Schedule J (541) - Trust Allocation Of An Accumulation Distribution - 2014 Page 2

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