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Introduction

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Trust:

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Definitions:

Beneficiaries are the owner of the Estate/Trust. Beneficiary includes an heir, a legate

Income or loss from Estate & Trusts are reported on Part III of Schedule E of Form 10

An arrangement created either by a will upon the creator's death or by a trustinstrument that may take effect during the creator's life. In both cases trustees taketitle to the property in order to protect or conserve it for the beneficiaries.

A Fiduciary is a trustee of a trust; or an executor, executrix, administrator,administratrix, personal representative, or person in possession of property of adecedent's estate

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, or a devisee.

0.

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Source Document

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Types Of Source Document For 1099-DIV

1 Organizer Page

2 Form 1041

3 Grantor Letter

SOURCE DOCUMENT

1 Organizer Page

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2 Form 1041

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Input Output

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Code B N/A

Code C N/A

10 Estate tax deduction Form K-2 Box 53

11 Final year deductions

Code A Form K-2 Box 55

Code B Only in Final K-1

Code C Only in Final K-1

Code D Only in Final K-1

Code E Only in Final K-1

12 Alternative minimum tax adjustmentCode A Adjustment for minimum tax Form K-3 Box 74

Code B Amt adjust for qualified Div Form K-3 Box 104

Code C For short term capital gain Form K-3 Box 106

Code D For long term capital gain Form K-3 Box 108

Code E For section 1250 gain Form K-3 Box 110

Code F For 28% rate gain Form K-3 Box 112

Code G Depreciation Form K-3 Box 80

Code H Depletion Form K-3 Box 90

13 Credits and credit recapture

Code A Credit for estimated taxes Form K-3 Box 43

Code B Credit for withholding Form K-3 Box 31

Code C Low income housing cr. Form K-3 Box 33

Code D Qualified rehabilitation exp. Form K-3 Box 39

Code H Alcohol fuel credit Form K-3 Box 35

Code P Non conventional fuel cr. Form K-3 Box 37

14 Other Information

Code A Tax Exempt Box 101

Code B Foreign Taxes P-2 Box 112

Code C Qualified Production Form K-8 Box 130

Code D Employer's W-2 Form K-8 Box 132

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Code E Net Investment Form K-1 Box 152

Code F Gross Farm & Fishing inc Form K-1 Box 164

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Output

Schedule B Part I

Schedule B Part II

Form 1040 Line 9b

Schedule D Line 5

Schedule D Line 12

Schedule D Line 18

Schedule D Line 19

Schedule E, line 33 Col F

Schedule E, line 33 Col D



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Input Output

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Schedule A Line 27

Schedule A Line 22

Form 6251 line 14

Form 6251 line 37

Schedule D AMT line 5


Schedule D for AMT purpose


Form 6251 line 18

Form 6251 line 18

Form 1040, line 65

Form 1040, Line 64

Form 8586, Line 4

Form 3468 line 1h

Form 8582-CR line 4a

Form 8582-CR line 4a

Form 1040 Line 8b

Form 1116 Part II A,B,C

Form 8903, Line 7

Form 8903, Line 13

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Input Output

Form 4952, line 4a

Schedule E, Part II line 42

schedule k1 1041

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