Form Tc-41 - Fiduciary Income Tax Return Instructions - 2011 Page 23
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282011 Utah Fiduciary Income Tax
Page 21
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,
Line 5 – Other Utah Portfolio and Nonbusiness
showing the share of income, gains, losses, deductions,
Income
and Utah credits that are distributed to the benefi ciary.
Enter the Utah portion of the benefi ciary’s distributive
share of other federal portfolio and nonbusiness income
Estate or Trust Information
reported on their federal Schedule K-1, line 5. If the
•
Line A – Enter the estate or trust’s federal identifi -
benefi ciary is a nonresident, enter “0.”
cation number
•
Line B – Enter the complete name of the estate or
Line 6 – Utah Ordinary Business Income
trust
Enter the Utah portion of the benefi ciary’s distributive
share of federal ordinary business income reported on
Fiduciary Information
their federal Schedule K-1, line 6.
•
Line C – Enter the fi duciary’s complete name and
address
Line 7 – Utah Net Rental Real Estate Income
Enter the Utah portion of the benefi ciary’s distributive
Benefi ciary Information
share of federal net rental real estate income reported
•
Line D – Enter the benefi ciary’s social security or
on their federal Schedule K-1, line 7. If this income
federal employer identifi cation number
is portfolio or non-Utah nonbusiness income and the
•
Line E – Enter the benefi ciary’s complete name
benefi ciary is a nonresident, enter “0.”
and address
•
Line F – Enter the benefi ciary’s telephone number
Line 8 – Utah Other Rental Income
•
Line G – Enter the percent of Utah income being
Enter the Utah portion of the benefi ciary’s distributive
distributed to the benefi ciary
share of federal other rental income reported on their
federal Schedule K-1, line 8. If this income is portfolio
Other Information
or non-Utah nonbusiness income and the benefi ciary
Enter any additional information or explanation of entries
is a nonresident, enter “0.”
needed by the benefi ciary in order to complete their
individual Utah return.
Line 9 – Utah Directly Apportioned Deductions
Enter the Utah portion of the benefi ciary’s distributive
Note: Portfolio income and non-Utah nonbusiness in-
share of federal directly apportioned deductions reported
come from a Utah estate or trust should not be reported
on their federal Schedule K-1, line 9. Enter the descrip-
on the Utah Scheduled K-1 for a Utah nonresident benefi -
tion as shown on the Schedule K in the space provided.
ciary. Portfolio income from a Utah trust is reported only
For a nonresident benefi ciary, do not include deductions
on the Utah Schedule K-1 for Utah resident benefi ciaries.
attributable to portfolio income or non-Utah nonbusiness
Line 1 – Utah Interest Income
income which is not reported on the benefi ciary’s Utah
Enter the Utah portion of the benefi ciary’s distributive
Schdule K-1.
share of federal interest income reported on their fed-
Line 10 – Estate Tax Deduction
eral Schedule K-1, line 1. If this income is portfolio or
Enter the Utah portion of the benefi ciary’s distributive
non-Utah nonbusiness income and the benefi ciary is a
share of the federal estate tax deduction reported on
nonresident, enter “0.”
their federal Schedule K-1, line 10.
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
federal Schedule K-1, line 2a. If this income is portfolio
their federal Schedule K-1, line 11. Enter the description
or non-Utah nonbusiness income and the benefi ciary
as shown on the Schedule K in the space provided. For
is a nonresident, enter “0.”
a nonresident benefi ciary, do not include deductions at-
Line 3 – Utah Net Short-term Capital Gains
tributable to portfolio income or non-Utah nonbusiness
Enter the Utah portion of the benefi ciary’s distributive
income which is not reported on the benefi ciary’s Utah
share of federal net short-term capital gains reported
Schdule K-1.
on their federal Schedule K-1, line 3. If this income
Line 12 – Other Utah Information
is portfolio or non-Utah nonbusiness income and the
Enter the Utah portion of the benefi ciary’s distributive
benefi ciary is a nonresident, enter “0.”
share of federal other information reported on their
Line 4 – Utah Net Long-term Capital Gains
federal Schedule K-1, line 14.
Enter the Utah portion of the benefi ciary’s distributive
Line 13 – Utah Nonrefundable Credits Distributed
share of federal net long-term capital gains reported on
to Benefi ciary
their Utah Schedule K-1, line 4a. If this income is portfolio
Enter the benefi ciary’s distributive share of Utah nonre-
or non-Utah nonbusiness income and the benefi ciary is
fundable credits as reported on the Utah Schedule K, line
a nonresident, enter “0.”
13. Also enter the description and the Utah nonrefundable
credit code as shown on the Schedule K (abbreviate as
necessary).
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