Schedule K-1 (Form 1041) - Beneficiary'S Share Of Income, Deductions, Credits, Etc. - 2015 Page 2

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Schedule K-1 (Form 1041) 2015
Page
This list identifies the codes used on Schedule K-1 for beneficiaries and provides summarized reporting information for
beneficiaries who file Form 1040. For detailed reporting and filing information, see the Instructions for Schedule K-1 (Form
1041) for a Beneficiary Filing Form 1040 and the instructions for your income tax return.
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Report on
1. Interest income
Form 1040, line 8a
13. Credits and credit recapture
2a. Ordinary dividends
Form 1040, line 9a
Code
Report on
2b. Qualified dividends
A Credit for estimated taxes
Form 1040, line 9b
Form 1040, line 65
3. Net short-term capital gain
Schedule D, line 5
B Credit for backup withholding
Form 1040, line 64
C Low-income housing credit
4a. Net long-term capital gain
Schedule D, line 12
D Rehabilitation credit and energy credit
4b. 28% rate gain
28% Rate Gain Worksheet, line 4
(Schedule D Instructions)
E Other qualifying investment credit
F Work opportunity credit
4c. Unrecaptured section 1250 gain
Unrecaptured Section 1250 Gain
Worksheet, line 11 (Schedule D
G Credit for small employer health
Instructions)
insurance premiums
5. Other portfolio and nonbusiness
Schedule E, line 33, column (f)
H Biofuel producer credit
income
I Credit for increasing research activities
6. Ordinary business income
J Renewable electricity, refined coal,
Schedule E, line 33, column (d)
or (f)
and Indian coal production credit
See the beneficiary’s instructions
K Empowerment zone employment credit
7. Net rental real estate income
Schedule E, line 33, column (d)
or (f)
L Indian employment credit
M Orphan drug credit
8. Other rental income
Schedule E, line 33, column (d)
or (f)
N Credit for employer-provided child
care and facilities
9. Directly apportioned deductions
Code
O Biodiesel and renewable diesel fuels
credit
A Depreciation
Form 8582 or Schedule E, line
33, column (c) or (e)
P Credit to holders of tax credit bonds
B Depletion
Q Credit for employer differential wage
Form 8582 or Schedule E, line
33, column (c) or (e)
payments
R Recapture of credits
C Amortization
Form 8582 or Schedule E, line
33, column (c) or (e)
14. Other information
10. Estate tax deduction
Schedule A, line 28
A Tax-exempt interest
Form 1040, line 8b
11. Final year deductions
B Foreign taxes
Form 1040, line 48 or
Sch. A, line 8
A Excess deductions
Schedule A, line 23
B Short-term capital loss carryover
Schedule D, line 5
C Qualified production activities income
Form 8903, line 7, col. (b) (also
see the beneficiary's instructions)
C Long-term capital loss carryover
Schedule D, line 12; line 5 of the
wksht. for Sch. D, line 18; and
D Form W-2 wages
Form 8903, line 17
line 16 of the wksht. for Sch. D,
E Net investment income
Form 4952, line 4a
line 19
F Gross farm and fishing income
Schedule E, line 42
D Net operating loss carryover —
Form 1040, line 21
regular tax
G Foreign trading gross receipts
See the Instructions for
(IRC 942(a))
Form 8873
E Net operating loss carryover —
Form 6251, line 11
minimum tax
}
H Adjustment for section 1411 net
Form 8960, line 7 (also see the
investment income or deductions
beneficiary's instructions)
12. Alternative minimum tax (AMT) items
A Adjustment for minimum tax purposes
Form 6251, line 15
I Other information
See the beneficiary’s instructions
B AMT adjustment attributable to
Note. If you are a beneficiary who does not file a Form 1040,
qualified dividends
see instructions for the type of income tax return you are filing.
C AMT adjustment attributable to
net short-term capital gain
D AMT adjustment attributable to
net long-term capital gain
See the beneficiary’s
E AMT adjustment attributable to
instructions and the
unrecaptured section 1250 gain
Instructions for Form 6251
F AMT adjustment attributable to
28% rate gain
G Accelerated depreciation
H Depletion
I Amortization
J Exclusion items
2016 Form 8801

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