Form N-40 - Schedule J - Trust Allocation Of An Accumulation Distribution - 2012 Page 2
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1
2SCHEDULE J FORM N-40 (REV. 2012)
PAGE 2
If more than five throwback years
Taxes Imposed on Undistributed Net Income
(Enter the applicable throwback years below.)
Part III
are involved, attach additional schedules. If the trust received an accumulation distribution from another trust, see federal Regulations section 1.665(d)-1A.
Throwback Year
Throwback Year
Throwback Year
Throwback Year
Throwback Year
18. Tax (Enter tax amount from line 22, page 1 of
Form N-40 for years prior to 1/1/83. For years
after 12/31/82 through 12/31/08, enter amount
from line 23, page 1 of Form N-40 for each
throwback year. For years after 12/31/08,
enter amount from line 1, Schedule G of Form
N-40) ..............................................................
18
19.
Net short term gain (Enter the smaller of the
amount from line 17, col. (b), or line 19, col. (b),
2011 Schedule D (Form N-40) and comparable
lines for other throwback years.) .....................
19
20.
Net long term gain (For years prior to 1/1/79,
enter 50% of line 16(e) or line 13(e),
whichever is applicable, Schedule D (Form
N-40). For years after 12/31/78 through
12/31/86, enter 40% of line 16(e), Schedule
D (Form N-40). For 1/1/87 through 3/31/87,
enter 45% of line 20(e), Schedule D-TR
(Form N-40). For 4/1/87 to 12/31/87, enter
the smaller of line 22 or 23, column 2,
Schedule D (Form N-40). For 1988 through
2007, enter the smaller of line 16 or 17,
column (b), Schedule D (Form N-40). For 2008
through 2011, enter the smaller of line 18 or 19,
column (b), Schedule D Form N-40) ..............
20
21. Total net capital gain (Add lines 19
and 20, if net loss, enter zero.) ..........
21
22.
Taxable income (Enter taxable income amount
from line 21, page 1, Form N-40 for years prior
to 1/1/83. For years after 12/31/82, enter the
amount from line 22, page 1 of Form N-40.) ..
22
23. Enter percent (Divide line 21 by line
22, but not more than 100%) .............
23
24. Multiply amount on line 18 by
percentage on line 23 ........................
24
25. Tax on undistributed net income
(Line 18 minus line 24. Enter here
and on page 1, line 9.) .......................
25
Allocation to Beneficiary —
Be sure to complete Form N-405, Tax on Accumulation Distributions of Trusts.
Part IV
Complete Part IV for each beneficiary. If the accumulation distribution is allocated to more than one beneficiary, attach an additional Schedule J
with Part IV completed for each additional beneficiary. If more than five throwback years are involved, attach additional schedules.
Beneficiary’s name
Identifying number
Beneficiary’s address (number and street including apartment number or rural route)
This
This
This
beneficiary’s
beneficiary’s
beneficiary’s
share of
share of
share of
City, town, or post office, State, and Postal/ZIP Code
line 13
line 14
line 16
(a)
(b)
(c)
26. Throwback year
................................................................................... 26
27. Throwback year
................................................................................... 27
28. Throwback year
................................................................................... 28
29. Throwback year
................................................................................... 29
30. Throwback year
................................................................................... 30
31. Total. (add amounts on lines 26 through 30) Enter here and on
the appropriate lines of Form N-405 ..................................................................... 31
SCHEDULE J FORM N-40
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