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Instructions For Pa-41 Schedule A - Interest Income And Gambling And Lottery Winnings - 2013 Page 2

liability company that is classified as a

lotteries other than the Pennsylvania

LINE 5

S corporation for federal income tax

Lottery.

purposes. If the estate or trust receives

Gambling and Lottery Winnings

Nonresident Estates and Trusts

only a federal Form 1120S Schedule K-

Enter the amount of any taxable gam-

Report the amount of any gambling win-

1, the estate or trust must obtain a PA-

bling and lottery winnings of the estate

nings from Pennsylvania sources or lot-

20S/PA-65 Schedule RK-1 from the

or trust.

tery winnings from sources within

entity. The department will only permit

Pennsylvania other than the Pennsylva-

Example. A Pennsylvania resident wins

the estate or trust to adjust and reclas-

nia Lottery.

sify the income from the federal Form

the Powerball on a ticket purchased in

1120S Schedule K-1 according to

Maryland and elects the annuity pay-

TIP: Nonresident estates and

Pennsylvania rules in limited circum-

ment option. A trust was established for

trusts with Pennsylvania resident

stances. See the PA PIT Guide, Chap-

the purpose of receiving the annual

beneficiaries should report the income

ter 16, Pass Through Entities, for

payout from the Maryland Lottery. Since

on PA Schedule A, Line 5 as if a resi-

additional information on the adjust-

the Powerball lottery ticket was pur-

dent estate or trust.

ments required and the proper classifi-

chased in Maryland, the winnings are

cation of income.

taxable to a Pennsylvania resident trust.

LINE 6

Therefore, the resident trust is required

If the estate or trust realizes income

Total Interest Income and Gam-

to report the income on PA Schedule A,

from more than one PA S corporation,

Line 5 and on the PA-41 Fiduciary In-

bling and Lottery Winnings

provide a statement showing the FEIN,

come Tax Return, Line 1.

Add Lines 2, 3, 4 and 5. Enter on Line

name, and amount of distributable/dis-

1 of the PA-41, Fiduciary Income Tax

Resident Estates and Trusts

tributed income by the PA S corpora-

Return.

tion. Also include the PA-20S/PA-65

Report the amount of any gambling win-

Schedules RK-1 and/or federal Form

nings from sources inside and outside

1120S Schedules K-1 when filing your

the

commonwealth.

Report

the

PA-41, Fiduciary Income Tax Return.

amountof any lottery winnings from all

PA-41 Schedule A

Instructions For Pa-41 Schedule A - Interest Income And Gambling And Lottery Winnings - 2013 Page 2

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