Form It 1041 - Fiduciary Income Tax Return - 2012 Page 4
Download a blank fillable Form It 1041 - Fiduciary Income Tax Return - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form It 1041 - Fiduciary Income Tax Return - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5IT 1041
2012
Rev. 12/12
Fiduciary
12180406
Income Tax Return
FEIN
SCHEDULE E – NONREFUNDABLE BUSINESS CREDITS
Note: Schedule E is not included in this return (see page 9 of the instructions).
SCHEDULES F, G, H AND I FOR TRUSTS ONLY
See instructions for a detailed explanation of “Matching, Against Income and Gain, Expense Amounts and Distribution Deduction.”
SCHEDULE F – ALLOCATED QUALIFYING TRUST AMOUNTS
This schedule is used to allocate qualifying trust amounts for trusts recognized gains or losses from the disposition of closely held investments. If the
amount below is negative, type a negative sign (“–”) before the fi gure.
56. Enter the trust’s portion of capital gains/losses recognized to the extent included in Ohio
taxable income (line 3) if the location of the physical assets of the closely held investee is
00
.
available (see instructions)
........................................................................................................... 56.
57. Enter the percentage of the closely held investee’s physical assets located within Ohio
........... 57.
00
.
58. Multiply the amount on line 56 by the percentage on line 57. Enter here and on line 4
.............. 58.
SCHEDULE G – APPORTIONED INCOME FOR TRUSTS
If the amount below is negative, type a negative sign (“–”) before the fi gure.
59. Enter (i) the trust’s business income not included in line 56 and (ii) the trust’s qualifying
00
.
........... 59.
investment income not otherwise a part of business income and not included in line 56
........... 60.
60. Enter the Ohio apportionment ratio from line 75 of the apportionment worksheet on page 5
61. Multiply the amount on line 59 by the apportionment ratio on line 60. Enter here and on
00
.
line 5
............................................................................................................................................ 61.
SCHEDULE H – ALLOCATED NONBUSINESS INCOME FOR TRUSTS
If distributive share is business income from a pass-through entity, please use Schedule G. If the amount below is negative, type a negative sign (“–”)
before the fi gure.
62. Resident trusts: Enter the trust’s portion of Ohio taxable income (line 3) not reported on
.
00
............................................................................................................................... 62.
lines 56 or 59
63. Nonresident trusts: Enter the trust’s portion of Ohio taxable income (line 3) not reported
on lines 56 or 59 to the extent such income (i) was derived from real or tangible property
located in or based in Ohio or (ii) was sitused to Ohio (see instructions for line 63) or (iii)
00
.
was described in Ohio Revised Code section 5747.212
............................................................. 63.
00
.
...................................................................... 64.
64. Add lines 62 and 63 and enter here and on line 6
SCHEDULE I – TAX CREDIT FOR NONRESIDENT TRUSTS
65. Enter the amount of allocated nonresident trust nonbusiness income (line 63, above)
00
.
subject to tax in one or more states or in the District of Columbia
.............................................. 65.
00
.
66. Enter the amount from line 8
....................................................................................................... 66.
00
.
................................................... 67.
67. Enter the amount of modifi ed Ohio taxable income from line 7
68. Divide line 66 by line 67 and enter the percentage here. This is the average effective tax
rate
.............................................................................................................................................. 68.
00
.
........................................ 69.
69. Multiply the amount on line 65 by the percentage reported on line 68
70. Enter the amount of tax actually paid by the nonresident trust to another state or the
00
.
District of Columbia on the trust’s allocated nonbusiness income
............................................... 70.
71. Enter the smaller of the amount on lines 69 and 70. This is the nonresident trust’s Ohio
00
.
tax credit. Enter here and on line 10
........................................................................................... 71.
2012 IT 1041
2012 IT 1041
pg. 4 of 5
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial