Instructions For Utah Fiduciary Return (Tc-41) - 2013 Page 8
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332013 Utah Fiduciary Income Tax
Page 7
WORKSHEET FOR ALLOWABLE DEDUCTIONS
24. Apportionable Nonrefundable Credits
1. Interest
$__________
The following apportionable nonrefundable credits are
2. Taxes
$__________
entered on TC-41A, Part 3. Enter the sum all apportionable
3. Charitable contributions
$__________
nonrefundable credits on line 24 of TC-41.
4. Attorney/accountant/return preparer fees $__________
5. Miscellaneous deductions
$__________
• Capital Gain Transactions Credit
6. Total deductions (add lines 1 through 5)
$__________
• Utah Educational Savings Plan (UESP) 529 Plan
.
Enter the amount from line 6 on line 16 of your TC-41
Credit
Worksheet Line Instructions:
• Qualifying Solar Project Credit
•
Line 1 – Interest. Enter the total interest paid or ac-
• Gold and Silver Coin Sale Credit
crued, and deducted on the federal return (IRC section
See instructions for TC-41A, Part 3, and an explanation
163).
of each addition to income beginning on page 11 of these
•
Line 2 – Taxes. Enter the total taxes paid or accrued,
instructions.
and deducted on the federal return (IRC section 164).
Do not include any amounts paid or accrued for state
25. Subtract line 24 from line 23
or local income taxes for the taxable year.
Apportionable nonrefundable credits cannot exceed the
•
Line 3 – Charitable Contributions. Enter the total
tax liability on the return. If the total of the credits shown
charitable contributions deducted on the estate or trust
on line 24 is more than or equal to the tax on line 23,
federal return. Do not include any amounts a qualifi ed
enter “0.”
nongrantor charitable lead trust deducts under IRC
FULL-YEAR RESIDENT – Enter the tax from line 25 on
section 642(c).
line 26, then complete the rest of the return.
•
Line 4 – Certain Fees. Enter the total deducted on
the federal return for attorney, accountant, or return
NON OR PART-YEAR RESIDENT ESTATE OR TRUST
preparer fees.
– Enter the tax from line 25 on TC-41B, Non or Part-year
•
Line 5 – Miscellaneous Deductions. Enter the total
Resident Estate or Trust Schedule, line 20. Complete
miscellaneous and other deductions deducted on the
TC-41B, enter the tax from TC-41B, line 21 on TC-41,
federal return.
page 2, line 26, then complete the rest of the return.
Note: These deductions are used in the calculation of
26. Enter Applicable Tax
the Estate or Trust Tax Credit even though they may
Full-year resident estate or trust: Enter the tax from
also have been used in the calculation of income items
line 25.
reported on the Schedules K-1.
Non or part-year resident estate or trust: Enter the
17. Initial Credit before Phase-out
tax from line 21 of TC-41B.
Multiply the amount on line 16 by 6% (.06).
See detailed instructions for the TC-41B on page 19.
18. Base Phase-out Amount
27. Nonapportionable Nonrefundable
The base phase-out amount for an estate or trust is
Credits
$12,000.
The following nonapportionable nonrefundable credits are
19. Income Subject to Phase-out
entered on TC-41A, Part 4. Enter the sum of all nonap-
Subtract line 18 (the base phase-out amount) from line
portionable nonrefundable credits on line 27 of TC-41.
14 (Utah taxable income). If the result is zero or less,
• Qualifi ed Sheltered Workshop Cash Contribution
enter “0.”
Credit
• Clean Fuel Vehicle Credit
20. Phase-out Amount
• Historic Preservation Credit
Multiply line 19 by 1.3% (.013). This is the credit phase-
• Enterprise Zone Credit
out amount.
• Low-Income Housing Credit
• Recycling Market Development Zone Credit
21. Estate or Trust Tax Credit
• Credit for Increasing Research Activities in Utah
Subtract the phase-out amount on line 20 from the initial
• Carryover Credit for Machinery/Equipment Used to
credit on line 17. If the result is zero or less, enter “0.”
Conduct Research
• Credit for Tax Paid to Another State
22. Utah Income Tax
• Renewable Residential Energy Systems Credit
Subtract the estate or trust tax credit on line 21 from
• Combat Related Death Credit
the tax calculated on line 15. If the result is zero or less,
• Veteran Employment Tax Credit
enter “0.”
See instructions for TC-41A, Part 4, and an explanation
Bankruptcy Estates. Enter the tax calculated on TC-
of each nonapportionable nonrefundable credit beginning
41C, line 20. See bankruptcy estate instructions on
on page 14 of these instructions.
page 20.
28. Subtract Line 27 from Line 26
23. Enter Tax from Line 22
Nonapportionable nonrefundable credits cannot exceed
Enter the tax from page 1, line 22.
your tax liability. If the total credits on line 27 is more than
or equal to the tax on line 26, enter “0”.
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