Instructions For Utah Fiduciary Return (Tc-41) - 2013 Page 22
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
332013 Utah Fiduciary Income Tax
Page 21
15. Initial Credit before Phase-out
Enter on line 36 only the additions to income attributable
to Utah and shown on TC-40A, Part 1. In the case of
Multiply the amount on line 14 by 6% (.06). This is your
an addition to income attributable to a Medical Savings
initial taxpayer tax credit before phase-out.
Account addback, a Utah Educational Savings Plan ad-
16. Base Phase-out Amount
dback, or Reimbursed Adoption Expenses, only include
the addition in the Utah column to the extent it was previ-
The base phase-out amount for a bankrupt estate is
ously subtracted from Utah taxable income. Include in the
$13,363.
Utah column an equitable adjustment shown on TC-40A,
17. Phase-out Income
Part 1, only to the extent the equitable adjustment relates
Subtract the base phase-out amount on line 16 from the
to additions to income from Utah sources.
Utah taxable income on line 8.
Enter on line 37 the total of lines 21 through 36.
18. Phase-out Amount
Enter on lines 38 through 50 adjustments applicable to
Multiply the amount on line 17 by 1.3% (.013). This is the
Utah income.
credit phase-out amount.
Enter on line 51 a subtraction for a state tax refund in-
19. Taxpayer Tax Credit
cluded on line 10 of federal form 1040, only to the extent
the refund subtracted is related to Utah tax.
Subtract the phase-out amount on line 18 from the initial
credit on line 15. If the result is less than zero, enter “0.”
Enter on line 52 only the subtractions from income at-
tributable to Utah and shown on TC-40A, Part 2. Include
20. Utah Income Tax
in the Utah column an equitable adjustment shown on
Subtract the taxpayer tax credit on line 19 from the tax
TC-40A, Part 2, only to the extent the equitable adjustment
calculated on line 9. If the result is less than zero, enter “0.”
relates to subtractions from income from Utah sources.
FULL-YEAR UTAH RESIDENT BANKRUPTCY ES-
Enter on line 53 the total of lines 38 through 52.
TATE
If you have federal adjustments written in on line 36 of
Enter the tax from line 20 on TC-41, line 22 and then
federal form 1040, enter the description and amount of
complete the rest of the TC-41 fi duciary return. Attach the
the Utah portion of these adjustments on TC-41C on
TC-41C, page 1 to your fi duciary return. (Do not complete
the line beneath line 52, and include the amount in the
or attach TC-41C, page 2 to your return.)
total on line 53.
NON OR PART-YEAR RESIDENT BANKRUPTCY
Column B – Total Income and Adjustments:
ESTATE
Enter on lines 21 through 35 the total income (loss) from
Enter the tax from line 20 on TC-41, line 22. Complete
all sources you reported on your federal return, as noted
lines 23 through 25 on the TC-41. Then complete TC-
on the TC-41C.
41C, page 2 to determine your apportioned Utah tax.
Enter the tax from line 57 on TC-41C, page 2 on your
Enter on line 36 the total additions to income shown on
TC-41, line 26 and then complete the rest of the TC-41
TC-40, Schedule A, Part 1.
fi duciary return.
Enter on line 37 the total of lines 21 through 36.
Non or Part-year Resident (lines 21 - 57)
Enter on lines 38 through 50 adjustments claimed on
If fi ling for a nonresident or part-year resident bankruptcy
your federal return, as noted on the TC-41C.
estate, complete form TC-41C, page 2 and attach it to
the TC-41 return.
Enter on line 51 the state tax refund included on line 10
of federal form 1040.
Residency Status
• If a nonresident, enter the two-character home state
Enter on line 52 the total subtractions from income shown
postal abbreviation. If you are a resident of a foreign
on TC-40, Schedule A, Part 2.
country (a foreign national of citizen), enter “NA” in
Enter on line 53 the total of lines 38 through 52.
the home state abbreviation fi eld.
•
If a part-year resident, enter the date you established
If you have federal adjustments written in on line 36 of
residency in Utah and the date such residency ended.
federal form 1040, enter the description and amount of
Enter dates in the format mm/dd/yy.
these adjustments on TC-41C on the line beneath line
52, and include the amount in the total on line 53.
Follow these steps to calculate your Utah tax.
1. Complete form TC-41C, page 1, through line 20.
5. Calculate line 54 by subtracting line 53 from line 37
2. Enter the tax from line 20 of TC-41C on line 22 of
for both columns A and B.
form TC-41.
Note: The amount on line 54 in column B must equal
3. Complete form TC-41, lines 23 through 25.
the amount must on TC-41C, page 1, line 8.
4. Complete form TC-41C, page 2.
Column A – Utah Income and Adjustments:
6. Divide the total on line 54 Column A by the total on
Enter on lines 21 through 35 all income (loss) earned or
line 54 Column B, and enter the result on line 55.
received from Utah sources while not a Utah resident,
Round your result to four decimal places. Do not en-
plus all income (loss) earned or received from all sources
ter a decimal greater than 1.0000, and do not enter
while a Utah resident (even if not from a Utah source).
a negative number. (If the amount in column A or
column B is zero, enter 0.0000 on line 55.)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial