Form PA-41 Schedule B "Dividend and Capital Gains Distributions Income" - Pennsylvania

What Is Form PA-41 Schedule B?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-41, Pa Fiduciary Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on October 1, 2018;
  • The latest edition provided by the Pennsylvania Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form PA-41 Schedule B by clicking the link below or browse more documents and templates provided by the Pennsylvania Department of Revenue.

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Download Form PA-41 Schedule B "Dividend and Capital Gains Distributions Income" - Pennsylvania

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1904710058
PA-41 SCHEDULE B
Dividend and Capital Gains
Distributions Income
PA-41 B 06-19
(FI)
2019
PA Department of Revenue
OFFICIAL USE ONLY
Name as shown on the PA-41
Federal EIN or Decedent’s SSN
START
Caution: If the estate or trust’s total PA-taxable dividend income is equal to the amount reported on the estate or trust’s federal Form
1041 and there are no amounts for Lines 2 through 12 (not including subtotal Line 6) of Schedule B, the estate or trust must report the
dividend income on Line 2 of the PA-41, Fiduciary Income Tax Return, but the estate or trust does not have to submit Schedule B. If
there are any amounts for any of the Lines 2 through 12 (not including subtotal Line 6) of Schedule B, the estate or trust must complete
and submit Schedule B with the estate or trust’s PA-41, Fiduciary Income Tax Return.
1. Dividend income reported on federal Form 1041 Line 2a.
1. $
2. Dividend income from federal Schedule K-1(s). See instructions.
2. $
3. Pennsylvania exempt-interest dividend income. See instructions.
3. $
4. Other reduction adjustments. See instructions.
Description:
4. $
5. Add the amounts on Lines 2, 3 and 4.
5. $
6. Subtract Line 5 from Line 1.
6. $
7. Total exempt-interest dividends. See instructions.
7. $
8. Other addition adjustments. See instructions.
Description:
8. $
9. Repatriation of foreign income. See instructions.
a. Total earnings and profits included on Line 1 of
IRC Section 965 Transition Tax Statement.
9a.
b. Total payments of earnings and profits included
in Line 9a received in prior years.
9b.
c. Payments of earnings and profits included in Line 9a received in current year.
9c. $
10. Capital gains distributions.
10. $
11. Dividend income from partnership(s), from PA Schedule(s) RK-1 or federal
Schedule(s) K-1.
11. $
12. Dividend income from PA S corporation(s), from PA Schedule(s) RK-1
or federal Schedule(s) K-1.
12. $
13. Total dividend income
Add Lines 6, 7, 8, 9c, 10, 11 and 12. Enter on Line 2 of the PA-41.
13. $
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1904710058
PA-41 SCHEDULE B
Dividend and Capital Gains
Distributions Income
PA-41 B 06-19
(FI)
2019
PA Department of Revenue
OFFICIAL USE ONLY
Name as shown on the PA-41
Federal EIN or Decedent’s SSN
START
Caution: If the estate or trust’s total PA-taxable dividend income is equal to the amount reported on the estate or trust’s federal Form
1041 and there are no amounts for Lines 2 through 12 (not including subtotal Line 6) of Schedule B, the estate or trust must report the
dividend income on Line 2 of the PA-41, Fiduciary Income Tax Return, but the estate or trust does not have to submit Schedule B. If
there are any amounts for any of the Lines 2 through 12 (not including subtotal Line 6) of Schedule B, the estate or trust must complete
and submit Schedule B with the estate or trust’s PA-41, Fiduciary Income Tax Return.
1. Dividend income reported on federal Form 1041 Line 2a.
1. $
2. Dividend income from federal Schedule K-1(s). See instructions.
2. $
3. Pennsylvania exempt-interest dividend income. See instructions.
3. $
4. Other reduction adjustments. See instructions.
Description:
4. $
5. Add the amounts on Lines 2, 3 and 4.
5. $
6. Subtract Line 5 from Line 1.
6. $
7. Total exempt-interest dividends. See instructions.
7. $
8. Other addition adjustments. See instructions.
Description:
8. $
9. Repatriation of foreign income. See instructions.
a. Total earnings and profits included on Line 1 of
IRC Section 965 Transition Tax Statement.
9a.
b. Total payments of earnings and profits included
in Line 9a received in prior years.
9b.
c. Payments of earnings and profits included in Line 9a received in current year.
9c. $
10. Capital gains distributions.
10. $
11. Dividend income from partnership(s), from PA Schedule(s) RK-1 or federal
Schedule(s) K-1.
11. $
12. Dividend income from PA S corporation(s), from PA Schedule(s) RK-1
or federal Schedule(s) K-1.
12. $
13. Total dividend income
Add Lines 6, 7, 8, 9c, 10, 11 and 12. Enter on Line 2 of the PA-41.
13. $
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2019
Pennsylvania Department of Revenue
Instructions for PA-41 Schedule B
Dividend and Capital Gains Distributions Income
PA-41 B IN 06-19
WHEN TO INCLUDE
LINE 2
If the estate or trust has any investments in partnerships or
If the estate or trust’s total PA-taxable dividend and capital
S corporations or any dividend income from other estates or
gains distributions income is equal to the amount reported
trusts, the estate or trust must include the amount reported
on the estate or trust’s federal Form 1041 and there are no
for federal income tax purposes. Enter the total amount of
amounts for Lines 2 through 12 (not including subtotal Line
dividend income included in the amount reported for Line 2
6) of Schedule B, the estate or trust must report the
of federal Form 1041 from all federal Schedule(s) K-1.
dividends and capital gains distributions income on Line 2
of the PA-41, Fiduciary Income Tax Return, but the estate
LINE 3
or trust does not have to submit Schedule B. If there are any
amounts for any of the Lines 2 through 12 (not including
If the estate or trust has investments in funds which have
subtotal Line 6) of Schedule B, the estate or trust must
investments where some of the income is tax exempt, the
complete and submit Schedule B with the estate or trust’s
exempt-interest dividends associated with Pennsylvania or
PA-41, Fiduciary Income Tax Return.
U.S.
government
obligations
are
not
taxable
for
Pennsylvania purposes. Enter the total amount of any
GENERAL INFORMATION
exempt-interest dividends from direct obligations of the
Commonwealth of Pennsylvania, direct obligations of
PURPOSE OF SCHEDULE
political subdivisions of Pennsylvania and/or direct
Use PA-41 Schedule B to report dividend and capital gains
obligations of the U.S. Government (U.S. Treasury Bonds,
distributions income of estates and trusts.
Notes, Bills, Certificates and Savings Bonds) included in any
tax-exempt fund or money market fund dividends.
FORM INFORMATION
LINE 4
NAME
Enter the complete name of the estate or trust as shown on
Estates or trusts may need to record other adjustments to
the PA-41, Fiduciary Income Tax Return.
federal dividend income to account for differences in
FEIN OR DECEDENT’S SSN
Pennsylvania and federal tax laws and where there is no
specific line to record that difference. Enter any other
Enter the nine-digit federal employer identification number
adjustments that decrease PA dividend income and provide
(FEIN) of the estate or trust or the decedent’s Social Security
a description of the amounts. An example would include
number as shown on the PA-41, Fiduciary Income Tax
dividend income for a nominee taxpayer recorded on the
Return.
1099 as dividend income of the estate or trust. Do not
An estate with a FEIN should not use the
include expenses incurred to realize dividend income.
decedent’s Social Security number.
LINE 5
LINE INSTRUCTIONS
Add the amounts on Lines 2, 3 and 4.
Please read the Line 2 Instructions on
Pages 21 and 22
of the Instructions for Form PA-41 prior to completing
LINE 6
this schedule.
Subtract Line 5 from Line 1.
LINE 1
LINE 7
Enter the amount of dividend income reported on Line 2a
TOTAL EXEMPT-INTEREST DIVIDENDS
of the estate or trust’s federal Form 1041. If there are no
Enter the total amount of exempt-interest dividends (from
amounts for Lines 2 through 12 (not including subtotal Line
Pennsylvania and non-Pennsylvania sources) from Box 11
6) of PA Schedule B, stop here. An estate or trust must
of federal Form 1099-DIV, Dividends and Distributions.
report the amount on Line 2 of the PA-41 form but the estate
or trust is not required to include a copy of the PA-41
LINE 8
Schedule B with the PA-41.
If the trust is not required to file a federal return, see the
If the estate or trust has adjustments to federal-taxable
instructions for Line 8.
dividend income that increase the amount of dividend
www.revenue.pa.gov
PA-41 B
1
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income reported for federal purposes due to differences
CAUTION: Federal Form 1099-DIV, Dividend Income,
between Pennsylvania and federal tax laws, enter any other
may not be prepared and sent by the payer for these
adjustments for items that increase PA-taxable dividend
payments. Even if the 1099-DIV is not prepared, the cash
income and provide a description of the amounts. Examples
payments received must be reported as dividend income for
include: distributions from non-PA S corporations and
Pennsylvania personal income tax purposes.
expenses incurred to realize dividend income. Include a
statement providing the descriptions and amounts if more
LINE 10
than one type of adjustment is included in the amount
For Pennsylvania purposes, capital gains distributions are
reported for this line.
taxable as dividend income not as capital gains as for federal
If the estate or trust is not required to file a federal return,
purposes. Enter the amount of capital gains distributions
enter the amount of dividend income reported to the trust in
included as capital gains on federal Schedule D.
Box 1 of all federal Forms 1099-DIV, Dividend and
Distributions, as well as any other taxable dividend income
Do not report capital gains distributions on PA-41
received by the trust for federal grantor trusts or other trusts
Schedule D.
not required to file a federal tax return.
LINE 11
LINE 9
DIVIDEND INCOME FROM PARTNERSHIPS FROM
As a result of the federal Tax Cuts and Jobs Act of Dec. 22,
PA SCHEDULES RK-1
2017, additional dividend income may have to be included
If the estate or trust is an owner in a partnership or entity
for Pennsylvania personal income tax purposes on income
formed as a limited liability company that is classified as a
that was subject to the federal Repatriation Transition Tax
partnership for federal income tax purposes, it will receive a
on the IRC Section 965 Transition Tax Statement for 2017.
PA-20S/PA-65 Schedule RK-1 showing its share of any
Although the total deemed dividend of accumulated
dividend income.
earnings and profits taxed for federal income tax purposes
is not includable in Pennsylvania taxable income, the
Enter the amount of dividend income from partnerships.
amount of actual earnings and profits cash payments
Include the amounts reported from all PA Schedule(s) RK-
received during a tax year are taxable for Pennsylvania
1, or federal Schedule(s) K-1 if an RK-1 is not provided.
personal income tax purposes. Refer to Informational Notice
If the estate or trust realizes income from more than one
Corporation Taxes and Personal Income Tax 2018-1: Tax
partnership, provide a statement showing the FEIN, name,
Cuts and Jobs Act of 2017, available on department’s
and amount of distributable/distributed income by each
website for additional information regarding the repatriation
partnership.
of foreign income.
LINE 9A
Submit all PA-20S/PA-65 Schedules RK-1 to support the
Enter the amount of deemed dividend foreign earnings and
amount reported on PA-41 Schedule B Line 11. Include a
profits reported on Line 1 of the IRC Section 965 Transition
copy of federal Form 1065 Schedule K-1 if a PA-20S/PA-65
Tax Statement for calendar or fiscal year tax returns for 2017.
Schedule RK-1 is not supplied by a partnership or entity
formed as a limited liability company that is classified as a
LINE 9B
partnership for federal income tax purposes. If the estate or
Enter the amount of cash payments of foreign earnings
trust receives only a federal Form 1065 Schedule K-1, it
and profits received in prior tax years attributable to the
must adjust and classify the income from the federal Form
amount reported on Line 9a that were previously
1065 Schedule K-1 according to Pennsylvania rules. Refer
reported as dividend income for Pennsylvania personal
to the PA Personal Income Tax Guide - Pass Through
income tax purposes.
Entities section, for additional information on the
IMPORTANT: If no amount of repatriated foreign
adjustments required and the proper classification of
earnings was reported on the 2018 PA-41 Schedule B
income.
as additional dividend income, enter a zero on Line 9b.
However, if cash payments were received during 2017
LINE 12
and/or 2018 attributable to the amount reported on Line 9a
and no income was reported for foreign repatriated income,
DIVIDEND INCOME FROM PA S CORPORATIONS
the 2017 and/or 2018 PA-41 should be amended to include
FROM PA SCHEDULES RK-1
the amount received in 2017 on Line 8 of the 2017 PA-41
If the estate or trust is an owner in a PA S corporation or
Schedule B or the amount received in 2018 on Line 9c of
entity formed as a limited liability company that is classified
the 2018 PA-41 Schedule B. The amount included on the
as a PA S corporation for federal income tax purposes, it will
amended return should then be included on Line 9b.
receive a PA-20S/PA-65 Schedule RK-1 showing its share
LINE 9C
of any dividend income.
Enter the amount of cash received during the current tax
Enter the amount of dividend income from PA S
year that is attributable to the repatriation of foreign income
corporations. Include the amounts reported from all PA
included on Line 9a.
2
PA-41 B
www.revenue.pa.gov
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Schedule(s) RK-1, or federal Schedule(s) K-1 if an RK-1 is
PA-20S/PA-65 Schedule RK-1 from the entity. The
department will only permit the estate or trust to adjust and
not provided.
reclassify the income from federal Form 1120S Schedule K-
If the estate or trust realizes income from more than one PA
1 according to Pennsylvania rules in limited circumstances.
S corporation, provide a statement showing the FEIN, name,
Refer to the PA Personal Income Tax Guide - Pass Through
and amount of income by each PA S corporation.
Entities section, for additional information on the
adjustments required and the proper classification of
Submit all PA-20S/PA-65 Schedules RK-1 to support the
income.
amount reported on PA-41 Schedule B Line 12. Include a
copy of the federal Form 1120S Schedule K-1 if a PA-
LINE 13
20S/PA-65 Schedule RK-1 is not supplied by the PA S
corporation or entity formed as a limited liability company
TOTAL DIVIDEND INCOME
that is classified as a PA S corporation for federal income
Add Lines 6, 7, 8, 9c, 10, 11 and 12 on the PA-41 Schedule
tax purposes. If the estate or trust receives only a federal
B. Enter the amount here and on the PA-41, Fiduciary
Form 1120S Schedule K-1, the estate or trust must obtain a
Income Tax Return, Line 2.
www.revenue.pa.gov
PA-41 B
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