Form Tc-41 - Fiduciary Income Tax - 2012 Page 25
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312012 Utah Fiduciary Income Tax
Page 23
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,
or non-Utah nonbusiness income and the benefi ciary
showing the share of income, gains, losses, deductions,
is a nonresident, enter “0.”
and Utah credits that are distributed to the benefi ciary.
Line 3 – Utah Net Short-term Capital Gains
Estate or Trust Information
Enter the Utah portion of the benefi ciary’s distributive
•
Line A – Enter the estate or trust’s federal identifi -
share of federal net short-term capital gains reported
cation number
on their federal Schedule K-1, line 3. If this income
•
Line B – Enter the complete name of the estate or
is portfolio or non-Utah nonbusiness income and the
trust
benefi ciary is a nonresident, enter “0.”
Fiduciary Information
Line 4 – Utah Net Long-term Capital Gains
•
Line C – Enter the fi duciary’s complete name and
Enter the Utah portion of the benefi ciary’s distributive
address
share of federal net long-term capital gains reported
on their federal Schedule K-1, line 4a. If this income
Benefi ciary Information
is portfolio or non-Utah nonbusiness income and the
•
Line D – Enter the benefi ciary’s social security or
benefi ciary is a nonresident, enter “0.”
federal employer identifi cation number
•
Line E – Enter the benefi ciary’s complete name
Line 5 – Other Utah Portfolio and Nonbusiness
and address
Income
•
Line F – Enter the benefi ciary’s telephone number
Enter the Utah portion of the benefi ciary’s distributive
•
Line G – Enter the percent of Utah income being
share of other federal portfolio and nonbusiness income
distributed to the benefi ciary
reported on their federal Schedule K-1, line 5. If the
benefi ciary is a nonresident, enter “0.”
Other Information
Enter any additional information or explanation of entries
Line 6 – Utah Ordinary Business Income
needed by the benefi ciary in order to complete their
Enter the Utah portion of the benefi ciary’s distributive
individual Utah return.
share of federal ordinary business income reported on
their federal Schedule K-1, line 6.
Note: Portfolio income and non-Utah nonbusiness in-
come from a Utah estate or trust should not be reported
Line 7 – Utah Net Rental Real Estate Income
on the Utah Scheduled K-1 for a Utah nonresident benefi -
Enter the Utah portion of the benefi ciary’s distributive
share of federal net rental real estate income reported
ciary. Portfolio income from a Utah trust is reported only
on the Utah Schedule K-1 for Utah resident 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
Line 8 – Utah Other Rental Income
share of U.S. government interest income included in the
interest income reported on their federal Schedule K-1,
Enter the Utah portion of the benefi ciary’s distributive
line 1. If this income is portfolio or non-Utah nonbusiness
share of federal other rental income reported on their
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
on their federal Schedule K-1, line 9. Enter the descrip-
Utah nonbusiness income and the benefi ciary is a non-
resident, enter “0.” (See defi nition of taxable municipal
tion as shown on the Schedule K in the space provided.
bond interest income on page 10 of these instructions.)
For a nonresident benefi ciary, do not include deductions
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
shown on lines 1a and 1b above) included in the inter-
Line 10 – Estate Tax Deduction
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
their federal Schedule K-1, line 10.
income and the benefi ciary is a nonresident, enter “0.”
Line 2 – Utah Ordinary Dividends
Line 11 – Final Year Utah Deductions
Enter the Utah portion of the benefi ciary’s distributive
Enter the Utah portion of the benefi ciary’s distributive
share of federal ordinary dividends reported on their
share of the fi nal year federal deductions reported on
their federal Schedule K-1, line 11. Enter the description
federal Schedule K-1, line 2a. If this income is portfolio
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