Instructions For Utah Fiduciary Return (Tc-41) - 2013 Page 7
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33Page 6
2013 Utah Fiduciary Income Tax
3. Even though domiciled outside Utah, maintains a
8. Income Distribution Deduction
place of abode in Utah and spends a total of 183 or
Enter any income distribution deduction reported on
more days of the taxable year in Utah. In determin-
your federal form 1041, line 18.
ing whether an individual spends 183 or more days
9. Estate Tax Deduction
in Utah, a “day” means a day in which the individual
spends more time in Utah than in any other state.
Enter the amount of any estate tax deduction, including
certain generation-skipping taxes, deducted on your
Part-year Resident Defi ned
federal form 1041, line 19.
An estate or trust benefi ciary is a part-year Utah resi-
10. Exemption
dent if domiciled in Utah for part of the taxable year and
outside of Utah for part of the taxable year. For purposes
Enter the exemption deduction taken on your federal
of this line only, enter an “X” in the box if any benefi ciary
form 1041, line 20.
is a part-year resident.
11. State Tax Refund Included in Fed-
Nonresident Defi ned
eral Income
An estate or trust benefi ciary is a Utah nonresident if
(UC §59-10-202(2)(d))
that benefi ciary is not domiciled in Utah, or was in Utah
Enter the amount of any state tax refund you included
for a temporary or transitory purpose for less than 183
in income on the federal form 1041 for the same year.
days during the taxable year. In determining whether
an individual spends 183 or more days in Utah, a “day”
12. Subtractions from Income
means a day in which the individual spends more time
The following subtractions from income are entered on
in Utah than in any other state.
TC-41A, Part 2. Enter the sum of all subtractions from
income on line 12 of TC-41.
4. Federal Total Income
• Interest from U. S. Government Obligations
Enter the federal total income from federal form 1041,
• Native American Income
line 9 or form 1041-QFT, line 5.
• Railroad Retirement Income
Bankruptcy Estates. Trustees of an individual bankruptcy
• Equitable Adjustments
estate (chapter 7 or chapter 11) must complete TC-41C,
• Nontaxable Income from Irrevocable Resident Trust
Bankruptcy Estate Tax Calculation, to determine the
• Nongrantor Charitable Lead Trust Charitable Contri-
taxable income and tax liability of the estate. Follow these
bution
instructions for TC-41:
• Fiduciary Adjustments
• Leave lines 4 through 21 blank.
See instructions for TC-41A, Part 2, and an explanation
• Line 22, Utah income tax – enter the amount from
of each subtraction from income beginning on page 10
TC-41C, line 20.
of these instructions.
• For a resident bankrupt estate, complete lines
23 through 42 according to the regular fi duciary
13. Total Deductions
instructions.
Add lines 7 through 12.
• For a non or part-year resident bankrupt estate,
14. Utah Taxable Income (Loss)
complete lines 23 through 25 according to the
regular fi duciary instructions, then follow the in-
Subtract line 13 from line 6. This amount is used to
structions for TC-41C, page 2 (see page 20).
calculate the tax on line 15.
5. Additions to Income
15. Utah Tax
The following additions to income are entered on TC-41A,
Multiply the Utah taxable income on line 14 by 5% (.05)
Part 1. Enter the sum of all additions to income on line 5
and enter the result on line 15. If the result is zero or
of TC-41.
less, enter “0.”
• Lump Sum Distribution
Estate or Trust Tax Credit (lines 16 - 21)
• Utah Educational Savings Plan (UESP) 529 Plan
(UC §59-10-1020)
Addback
Estates and trusts are allowed a credit against Utah tax
• Municipal Bond Interest
based on the total of the interest expense, taxes paid,
• ESBT S Corporation Income
charitable contributions, attorney/accountant/tax pre-
• Fiduciary Adjustments
parer fees, and certain miscellaneous deductions. The
• Equitable Adjustments
credit phases out for income over a specifi ed amount.
See instructions for TC-41A, Part 1, and an explanation
16. Allowable Deductions for Credit
of each addition to income beginning on page 11 of these
instructions.
Use the following worksheet to calculate the estate or
trust’s allowable deductions. See line instructions below
6. Total Adjusted Income
the worksheet.
Add line 4 and line 5.
7. Fiduciary Fees for Administering
Estate or Trust
Enter any fi duciary fees deducted on your federal form
1041, line 12.
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