Instructions For Utah Fiduciary Return (Tc-41) - 2013 Page 25
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33Page 24
2013 Utah Fiduciary Income Tax
TC-41K-1 – Benefi ciary’s Share of Utah Income,
Deductions, and Credits Instructions
Complete a TC-41, Schedule K-1 for each benefi ciary,
Line 2 – Utah Ordinary Dividends
showing the share of income, gains, losses, deductions,
Enter the Utah portion of the benefi ciary’s distributive
and Utah credits that are distributed to the benefi ciary.
share of federal ordinary dividends reported on their
federal Schedule K-1, line 2a. If this income is portfolio
Estate or Trust Information
or non-Utah nonbusiness income and the benefi ciary
•
Line A – Enter the estate or trust’s federal identifi -
is a nonresident, enter “0.”
cation number
•
Line B – Enter the complete name of the estate or
Line 3 – Utah Net Short-term Capital Gains
trust
Enter the Utah portion of the benefi ciary’s distributive
share of federal net short-term capital gains reported
Fiduciary Information
on their federal Schedule K-1, line 3. If this income
•
Line C – Enter the fi duciary’s complete name and
is portfolio or non-Utah nonbusiness income and the
address
benefi ciary is a nonresident, enter “0.”
Benefi ciary Information
Line 4 – Utah Net Long-term Capital Gains
•
Line D – Enter the benefi ciary’s social security or
Enter the Utah portion of the benefi ciary’s distributive
federal employer identifi cation number
share of federal net long-term capital gains reported
•
Line E – Enter the benefi ciary’s complete name
on their federal Schedule K-1, line 4a. If this income
and address
is portfolio or non-Utah nonbusiness income and the
•
Line F – Enter the benefi ciary’s telephone number
benefi ciary is a nonresident, enter “0.”
•
Line G – Enter the percent of Utah income being
distributed to the benefi ciary
Line 5 – Other Utah Portfolio and Nonbusiness
•
Line H – Enter an “X” if the benefi ciary is a depen-
Income
dent benefi ciary. See defi nition of a dependent
Enter the Utah portion of the benefi ciary’s distributive
benefi ciary on page 26.
share of other federal portfolio and nonbusiness income
reported on their federal Schedule K-1, line 5. If the
Other Information
benefi ciary is a nonresident, enter “0.”
Enter any additional information or explanation of entries
needed by the benefi ciary in order to complete their
Line 6 – Utah Ordinary Business Income
individual Utah return.
Enter the Utah portion of the benefi ciary’s distributive
share of federal ordinary business income reported on
Note: Portfolio income and non-Utah nonbusiness in-
their federal Schedule K-1, line 6.
come from a Utah estate or trust should not be reported
on the Utah Scheduled K-1 for a Utah nonresident ben-
Line 7 – Utah Net Rental Real Estate Income
efi ciary. Portfolio income from a Utah estate or trust is
Enter the Utah portion of the benefi ciary’s distributive
reported only on the Utah Schedule K-1 for Utah resident
share of federal net rental real estate income reported
benefi ciaries.
on their federal Schedule K-1, line 7. If this income
is portfolio or non-Utah nonbusiness income and the
Line 1a – Utah U.S. Government Interest Income
benefi ciary is a nonresident, enter “0.”
Enter the Utah portion of the benefi ciary’s distributive
share of U.S. government interest income included in the
Line 8 – Utah Other Rental Income
Enter the Utah portion of the benefi ciary’s distributive
interest income reported on their federal Schedule K-1,
share of federal other rental income reported on their
line 1. If this income is portfolio or non-Utah nonbusiness
income and the benefi ciary is a nonresident, enter “0.”
federal Schedule K-1, line 8. If this income is portfolio
or non-Utah nonbusiness income and the benefi ciary
Line 1b – Utah Municipal Bond Interest Income
is a nonresident, enter “0.”
Enter the Utah portion of the benefi ciary’s distributive
share of Utah taxable municipal bond interest income
Line 9 – Utah Directly Apportioned Deductions
included in the interest income reported on their federal
Enter the Utah portion of the benefi ciary’s distributive
Schedule K-1, line 1. If this income is portfolio or non-
share of federal directly apportioned deductions reported
Utah nonbusiness income and the benefi ciary is a non-
on their federal Schedule K-1, line 9. Enter the descrip-
resident, enter “0.” (See defi nition of taxable municipal
tion as shown on the Schedule K in the space provided.
For a nonresident benefi ciary, do not include deductions
bond interest income on page 10 of these instructions.)
attributable to portfolio income or non-Utah nonbusiness
Line 1c – Utah Other Interest Income
income which is not reported on the benefi ciary’s Utah
Enter the Utah portion of the benefi ciary’s distributive
Schedule K-1.
share of other interest income (other than interest income
Line 10 – Estate Tax Deduction
shown on lines 1a and 1b above) included in the inter-
est income reported on their federal Schedule K-1, line
Enter the Utah portion of the benefi ciary’s distributive
1. If this income is portfolio or non-Utah nonbusiness
share of the federal estate tax deduction reported on
income and the benefi ciary is a nonresident, enter “0.”
their federal Schedule K-1, line 10.
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