Instructions For Schedule K-1 (Form 1041) For A Beneficiary Filing Form 1040

Z. However, if your only source for the

qualifying advanced coal project credit,

5884-A. If your only source for the

credits listed on Form 3800, Part III, is

the qualifying gasification project credit,

employee retention credit is a

from pass-through entities, you may not

and the qualifying advanced energy

pass-through entity, such as an estate or

be required to complete the source credit

project credit. The fiduciary must provide

trust, you can report the amount directly

form. Instead, you may be able to report

you with a statement that shows the

on Form 3800, Part III, line 1aa.

the credit directly on Form 3800. See

information you will need and where to

below for the instructions for specific

report it on Form 3468 so that you can

Box 14—Other Information

credits.

figure the amount of the previously listed

credits that you may claim.

Code C. Qualified production

Code A. Credit for estimated taxes.

activities income. If any of the income is

The beneficiary treats this amount as a

Code H. Biofuel producer credit. See

oil-related qualified production activities

payment of estimated tax. To figure any

the Instructions for Form 6478 for more

income, the fiduciary must give you a

underpayment and penalty on Form 2210,

information. If your only source for the

statement that shows the amount. Enter

Underpayment of Estimated Tax by

credit is a pass-through entity, such as an

the oil-related amount on Form 8903,

Individuals, Estates, and Trusts, treat the

estate or trust, you can report the amount

Domestic Production Activities Deduction,

amount entered in box 13, code A, as an

on Form 3800, Part III, line 4c.

line 7, col. (a). Enter the amount from all

estimated tax payment made on January

Code J. Renewable electricity, refined

activities on Form 8903, line 7, col. (b).

16, 2018.

coal, and Indian coal production cred-

Code F. Gross farming and fishing in-

it. The fiduciary must provide you with a

Note. Form 1041-T, Allocation of

come. The amount of farming and fishing

statement showing the amount of credit to

Estimated Tax Payments to Beneficiaries,

income is included in box 6. This income

report on Form 8835, line 19 (including the

must be timely filed by the fiduciary for the

is separately stated to help determine if

allocation of the credit for production

beneficiary to get the credit for an

you are subject to a penalty for

during the 4-year period beginning on the

estimated tax payment.

underpayment of estimated tax. Report

date the facility was placed in service and

the amount of gross farming and fishing

Code B. Credit for backup withholding.

for production after that period). If your

income on Schedule E (Form 1040),

Include this amount on line 64 of your

only source for the credit is a pass-through

Supplemental Income and Loss, line 42.

Form 1040 and attach a copy of

entity, you can report the amount from

Schedule K-1 (Form 1041) to your return.

line 19 directly on Form 3800, Part III, lines

Code H. Net investment income tax.

1f and 4e, as applicable. Otherwise,

This amount is the beneficiary's

Code C. Low-income housing credit.

complete Form 8835 as directed.

adjustment for section 1411 net

The fiduciary will provide you with a

investment income or deductions. Enter

statement showing the amount to report

Code O. Biodiesel and renewable die-

this amount on line 7 of Form 8960, as

on lines 4 and 11 of Form 8586. If your

sel fuels credit. If this credit includes the

applicable. See the Instructions for Form

only source for the credit is a pass-through

small agri-biodiesel producer credit, the

8960.

entity, such as an estate or trust, you can

fiduciary will provide additional information

report the amounts from lines 4 and 11 of

on an attached statement. If no statement

Code I. Other information. If this code is

Form 8586 directly on Form 3800, Part III,

is attached, report this amount on line 9 of

used, the fiduciary will provide you with

lines 1d and 4d, respectively.

Form 8864. If a statement is attached, see

any additional information you may need

the Instructions for Form 8864, line 11.

to file your return that isn't shown

Code D. Rehabilitation credit and ener-

elsewhere on this Schedule K-1.

gy credit. The fiduciary must give you a

Code R. Recapture of credits. If you are

If you receive a statement regarding

statement that shows the information you

required to recapture any credits, the

the splitting of foreign tax credits from the

will need and where to enter it on Form

fiduciary will provide a statement with the

income to which it relates, section 909

3468, Investment Credit, so that you can

information you need to figure your credit

figure the amount of any rehabilitation

may prevent you from deducting the

recapture.

credit and energy credit that you may

foreign tax credit until the related foreign

Code Z. Other credits. This code is

income is taken into account. See Form

claim.

used to report the beneficiary’s share of

1116, Foreign Tax Credit, and Pub. 514,

Code E. Other qualifying investment

the employee retention credit. For more

Foreign Tax Credit for Individuals, for

credit. This code is used to report the

information on the employee retention

more information.

qualified investment for figuring the

credit, see the Instructions for Form

2017 Instructions for Schedule K-1 (Form 1041)

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Instructions For Schedule K-1 (Form 1041) For A Beneficiary Filing Form 1040 - 2017 Page 3

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