Instructions For Pa-41 Schedule Rk-1 - 2013 Page 3
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1
2
3A short-year return is required for the
Step 2
LINE 6
following reasons:
Calculate Beneficiary Income
Follow Steps 1 and 2 below to calculate
for the RK-1
•
Changes in the annual accounting
the amount of each beneficiary’s in-
period. For example, the estate or
To calculate the beneficiary’s income
come on PA-41 Schedule RK-1, Line 6.
trust changes from a fiscal to a cal-
of/from estates or trusts (Line 6) for
endar filer; or
entry on a PA-41 Schedule RK-1, mul-
LINES 7 THROUGH 20
•
An estate or trust is in existence
tiply the amount calculated in Step 1 by
during only part of the tax year. For
Do not enter any amounts on Lines 7
a fraction, calculated as follows:
example, the trust or estate is in its
through 20.
initial or final year.
•
The numerator is the lesser of Line
Step 1
See “How to File a Short-Year Return”
3a or Line 14a on PA-41 Schedule
Calculate the Total
in the PA-41, Fiduciary Income Tax Re-
DD.
Dollar Amount
turn instructions.
Calculate the total dollar amount of:
•
The denominator is Line 13a of PA-
41 Schedule DD. Multiply this
•
Cash and property distributions ac-
LINE INSTRUCTIONS
amount by the beneficiary’s year-
tually made to the beneficiaries
during the taxable year; and
end distribution percentage.
PART II
•
Undistributed amounts that are
•
Enter the amount on the PA-41
credited, payable or required to be
Schedule RK-1, Line 6.
SHAREHOLDER/PARTNER/
currently distributed to the benefici-
BENEFICIARY DISTRIBUTIVE
ary during the taxable year.
SHARE OF PENNSYLVANIA-
DO NOT TAKE INTO ACCOUNT
SOURCE INCOME (LOSS)
•
Amounts properly paid out of cor-
pus as a gift or bequest of a spe-
LINES 1 THROUGH 5
cific amount of money;
Do not enter any amounts on Lines 1
•
Amounts that were required to
through 5 and Lines 7 through 20.
have been distributed in any prior
taxable year; or
TIP: Do not report the income of
beneficiaries of estates and
•
The market value of property dis-
trusts on any lines of PA-41 Schedule
tributed in kind as a gift or bequest
RK-1 except Line 6.
of specific property.
PA-41 Schedule RK-1
3
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