Form PA-41 Schedule A "Interest Income and Gambling and Lottery Winnings" - Pennsylvania

What Is Form PA-41 Schedule A?

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 June 1, 2019;
  • 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 A 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 A "Interest Income and Gambling and Lottery Winnings" - Pennsylvania

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2004310054
PA-41 SCHEDULE A
Interest Income and Gambling
and Lottery Winnings
PA-41 A 09-20
(FI)
2020
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 interest 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 14 (not including subtotal Lines 4 and 10) of Schedule A, the estate or trust must
report the interest income on Line 1 of the PA-41, Fiduciary Income Tax Return, but the estate or trust does not have to submit Schedule
A. If there are any amounts for any of the Lines 2 through 14 (not including subtotal Lines 4 and 10) of Schedule A,
the estate or trust must complete and submit Schedule A with the estate or trust’s PA-41, Fiduciary Income Tax Return.
1. Interest income reported on federal Form 1041 Line 1.
1. $
2. Total tax-exempt interest income.
2. $
3. Other addition adjustments. See instructions.
Description:
3. $
4. Add Lines 1, 2 and 3.
4. $
5. Interest income from federal Schedule(s) K-1. See instructions.
5. $
6. Interest income from direct obligations of the Commonwealth of Pennsylvania
and/or its municipalities.
6. $
7. Interest income from direct obligations of the U.S. government.
7. $
8. Other reduction adjustments. See instructions.
Description:
8. $
9. Add Lines 5, 6, 7 and 8.
9. $
10. Subtract Line 9 from Line 4.
10. $
11. Distribution from life insurance, annuity, endowment contracts, or charitable gift
annuities included in federal taxable income. See instructions.
11. $
12. Interest income from partnership(s), from PA Schedule(s) RK-1 or federal
Schedule(s) K-1.
12. $
13. Interest income from PA S corporation(s), from PA Schedule(s) RK-1 or federal
Schedule(s) K-1.
13. $
14. Gambling and lottery winnings. See instructions.
14. $
15. Total interest income and gambling and lottery winnings
Add Lines 10, 11, 12, 13 and 14. Enter on Line 1 of the PA-41.
15. $
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2004310054
PA-41 SCHEDULE A
Interest Income and Gambling
and Lottery Winnings
PA-41 A 09-20
(FI)
2020
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 interest 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 14 (not including subtotal Lines 4 and 10) of Schedule A, the estate or trust must
report the interest income on Line 1 of the PA-41, Fiduciary Income Tax Return, but the estate or trust does not have to submit Schedule
A. If there are any amounts for any of the Lines 2 through 14 (not including subtotal Lines 4 and 10) of Schedule A,
the estate or trust must complete and submit Schedule A with the estate or trust’s PA-41, Fiduciary Income Tax Return.
1. Interest income reported on federal Form 1041 Line 1.
1. $
2. Total tax-exempt interest income.
2. $
3. Other addition adjustments. See instructions.
Description:
3. $
4. Add Lines 1, 2 and 3.
4. $
5. Interest income from federal Schedule(s) K-1. See instructions.
5. $
6. Interest income from direct obligations of the Commonwealth of Pennsylvania
and/or its municipalities.
6. $
7. Interest income from direct obligations of the U.S. government.
7. $
8. Other reduction adjustments. See instructions.
Description:
8. $
9. Add Lines 5, 6, 7 and 8.
9. $
10. Subtract Line 9 from Line 4.
10. $
11. Distribution from life insurance, annuity, endowment contracts, or charitable gift
annuities included in federal taxable income. See instructions.
11. $
12. Interest income from partnership(s), from PA Schedule(s) RK-1 or federal
Schedule(s) K-1.
12. $
13. Interest income from PA S corporation(s), from PA Schedule(s) RK-1 or federal
Schedule(s) K-1.
13. $
14. Gambling and lottery winnings. See instructions.
14. $
15. Total interest income and gambling and lottery winnings
Add Lines 10, 11, 12, 13 and 14. Enter on Line 1 of the PA-41.
15. $
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2020
Instructions for PA-41 Schedule A
Interest Income and Gambling and Lottery Winnings
PA-41 A IN 09-20
WHAT’S NEW
LINE 1
The instruction for Line 14, Gambling and lottery winnings
Enter the amount of interest income reported on Line 1 of
were revised for an estate and trust electing to file a
the estate or trust’s federal Form 1041. If there are no
combined tax return for federal income tax purposes based
amounts for Lines 2 through 14 (not including subtotal Lines
4 and 10) of PA-41 Schedule A, stop here. An estate or trust
upon an election filed under IRC Section 645 of the Internal
must report the amount on Line 1 of the PA-41 form but the
Revenue Code of 1986, as amended. See the Line 14
estate or trust is not required to include a copy of PA-41
instructions on Page 3 for additional information.
Schedule A with the PA-41.
WHEN TO INCLUDE
If the trust is not required to file a federal return, see the
instructions for Line 3.
If the estate or trust’s total PA-taxable interest income is
equal to the amount reported on the estate or trust’s federal
LINE 2
Form 1041 and there are no amounts for Lines 2 through 14
(not including subtotal Lines 4 and 10) of Schedule A, the
If the estate or trust has any investments in tax-exempt
estate or trust must report the interest income on Line 1 of
bonds from states or local instrumentalities that are
the PA-41, Fiduciary Income Tax Return, but the estate or
excluded from taxation for federal income tax purposes,
trust does not have to submit Schedule A. If there are any
enter the total amount of total tax-exempt interest from all
amounts for any of the Lines 2 through 14 (not including
state or local bonds. Include amounts from all states and
subtotal Lines 4 and 10) of Schedule A, the estate or trust
local instrumentalities including Pennsylvania.
must complete and submit Schedule A with the estate or
CAUTION: Do not include exempt-interest dividends
trust’s PA-41, Fiduciary Income Tax Return.
in this amount. See the instructions for PA-41
Schedule B.
GENERAL INFORMATION
LINE 3
PURPOSE OF SCHEDULE
Use PA-41 Schedule A to report interest income and
If the estate or trust has adjustments to federal taxable
gambling and lottery winnings of estates and trusts.
interest income that increase the amount of interest income
reported for federal purposes, enter any other adjustments
FORM INSTRUCTIONS
for items that increase PA-taxable interest income and
provide a description of the amounts. If any expenses such
NAME
as amortization of bond premium, nominee interest, or
Enter the complete name of the estate or trust as shown on
expenses incurred to realize interest income were deducted
the PA-41, Fiduciary Income Tax Return.
against the income for federal income tax purposes, the
FEIN OR DECEDENT’S SSN
estate or trust must include all adjustments that reduce
Enter the nine-digit federal employer identification number
federal income.
(FEIN) of the estate or trust or the decedent’s Social
If the estate or trust is not required to file a federal return,
Security number as shown on the PA-41, Fiduciary Income
enter the amount of interest income reported to the trust in
Tax Return.
Box 1 of all federal Forms 1099-INT, Interest Income, as well
An estate with a FEIN should not use the decedent’s
as any other federally taxable interest income received by
Social Security number.
the trust (such as interest from U.S. government obligations)
for federal grantor trusts or other trusts not required to file a
LINE INSTRUCTIONS
federal tax return.
Please read the Line 1 Instructions on Page 21 of the
LINE 4
Instructions for Form PA-41 prior to completing this
schedule.
Add the amounts on Lines 1, 2 and 3.
www.revenue.pa.gov
PA-41 A
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LINE 5
LINE 10
Subtract Line 9 from Line 4.
If the estate or trust has any investments in partnerships or
S corporations or any interest income from other estates or
LINE 11
trusts, the estate or trust must include the amount reported
for federal income tax purposes. Enter the total amount of
DISTRIBUTIONS FROM LIFE INSURANCE, ANNUITY
interest income included in the amount reported for Line 1
OR ENDOWMENT CONTRACTS OR CHARITABLE
of federal Form 1041 from all federal Schedule(s) K-1.
GIFT ANNUITIES INCLUDED IN FEDERAL TAXABLE
INCOME
LINE 6
Distributions from a commercial insurance or mutual
company annuity (code D also included with codes 1, 2, 3,
If the estate or trust has investments in tax-exempt bonds,
4, 7 or C) purchased as a retirement annuity, or any
the amount of interest from direct obligations of the
distributions from a life insurance or endowment contract or
commonwealth or its instrumentalities is tax exempt for
charitable gift annuity that are included in federal gross
Pennsylvania purposes. Enter the amount of the estate or
taxable income are taxable as interest income for
trust’s tax-exempt interest from direct obligations of the
Pennsylvania personal income tax purposes for an estate
Commonwealth of Pennsylvania and/or direct obligations of
or trust.
political subdivisions of Pennsylvania. Include on this line
any interest income from obligations issued by the
LINE 12
commonwealth, a public authority, commission, board or
INTEREST INCOME FROM PARTNERSHIPS FROM
other agency created by the commonwealth or political
PA SCHEDULES RK-1
subdivision of the commonwealth.
If the estate or trust is a partner in a partnership or a member
LINE 7
in an entity formed as a limited liability company that is
classified as a partnership for federal income tax purposes,
An estate or trust that has interest income from direct
the estate or trust will receive a PA-20S/PA-65 Schedule RK-
obligations of the U.S. government must provide the amount
1 showing its share of any interest income.
of that interest as it is also tax exempt for Pennsylvania
Enter the amount of interest income from partnerships.
purposes. Enter the amount of any interest income from
Include the amounts reported from all PA Schedule(s) RK-
direct obligations of the U.S. government (U.S. Treasury
1, or federal Schedule(s) K-1 if an RK-1 is not provided.
Bonds, Notes, Bills, Certificates and Savings Bonds). See
Include any U.S. government interest from federal
the REV-1643 EX, Tax-Exempt Obligations for Pennsylvania
Schedule(s) K-1, where PA Schedule(s) RK-1 is/are not
Personal Income Tax Purposes, for additional information.
provided, on Line 8 of PA Schedule A.
Do not include amounts from U.S. obligations reported on
If the estate or trust realizes income from more than one
federal Schedule K-1(s).
partnership, provide a statement showing the FEIN, name
and amount of income by each partnership.
LINE 8
Submit all PA-20S/PA-65 Schedules RK-1 to support the
Estates or trusts may need to record other adjustments to
amount reported on PA-41 Schedule A Line 12. Include a
federal interest income to account for differences in
copy of federal Form 1065 Schedule K-1 if a PA-20S/PA-65
Pennsylvania and federal tax laws and where there is no
Schedule RK-1 is not supplied by a partnership, or entity
specific line to record that difference. Enter any other
formed as a limited liability company that is classified as a
adjustments that decrease PA interest income and provide
partnership for federal income tax purposes. If the estate or
a description of the amounts. Examples include: interest on
trust receives only a federal Form 1065 Schedule K-1, the
installment obligations that are included as gain on the sale
estate or trust must adjust and classify the income from the
of property for PA purposes; forfeited interest penalty; and
federal Form 1065 Schedule K-1 according to Pennsylvania
amortization of bond premium. An example of the
rules. Refer to the PA Personal Income Tax Guide - Pass
description for interest income earned while a nonresident
Through Entities section, for additional information on the
would be “Forfeited Interest Penalty”. Do not include
adjustents required and the proper classification of income.
expenses incurred to realize interest income. Include a
LINE 13
statement providing the descriptions and amounts if more
than one type of adjustment is included in the amount
INTEREST INCOME FROM S CORPORATIONS FROM
reported for this line.
PA SCHEDULES RK-1
If the estate or trust is an owner of an S corporation or entity
LINE 9
formed as a limited liability company that is classified as a
Add the amounts on Lines 5, 6, 7 and 8.
S corporation for federal income tax purposes, the estate or
2
PA-41 A
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trust will receive a PA-20S/PA-65 Schedule RK-1 showing
Line 17 of the PA-41, Fiduciary Income Tax Return when
its share of any interest income.
included in Box 15 of federal Form W-2G, Certain Gambling
Winnings.
Enter the amount of interest income from PA S corporations.
Include the amounts reported from all PA Schedule(s) RK-
RESIDENT ESTATES AND TRUSTS
1, or federal Schedule(s) K-1 if an RK-1 is not provided.
Report the amount of any gambling winnings from sources
Include any U.S. government interest from federal
inside and outside the commonwealth. Report the amount
Schedule(s) K-1, where PA Schedule(s) RK-1 is/are not
of any lottery winnings from all lotteries other than noncash
provided, on Line 8 of PA Schedule A.
prizes of the Pennsylvania Lottery.
If the estate or trust realizes income from more than one PA
NONRESIDENT ESTATES AND TRUSTS
S corporation, provide a statement showing the FEIN, name,
Report the amount of any gambling winnings from
and amount of income by each PA S corporation.
Pennsylvania sources or lottery winnings from sources
within Pennsylvania other than noncash prizes of the
Submit all PA-20S/PA-65 Schedules RK-1 to support the
Pennsylvania Lottery.
amount reported on PA-41 Schedule A Line 13. Include a
copy of federal Form 1120S Schedule K-1 if a PA-20S/PA-
If an estate and related trust elect to file a combined tax
65 Schedule RK-1 is not supplied by the S corporation or
return for federal income tax purposes based upon an
entity formed as a limited liability company that is classified
election filed under IRC Section 645 of the Internal Revenue
as a S corporation for federal income tax purposes. If the
Code of 1986, as amended, gambling and lottery winnings
estate or trust receives only a federal Form 1120S Schedule
from the estate must be reported separately from gambling
K-1, the estate or trust must obtain a PA-20S/PA-65
and lottery winnings of the trust. You must include a
Schedule RK-1 from the entity. The department will only
statement which shows the amount of gambling and lottery
permit the estate or trust to adjust and reclassify the income
gross winnings for the estate along with the cost of tickets,
from the federal Form 1120S Schedule K-1 according to
bets or wagering and the net winnings or losses separately
Pennsylvania rules in limited circumstances. Refer to the PA
from those of the trust.
Personal Income Tax Guide - Pass Through Entities section,
IMPORTANT: You may only combine net winnings
for additional information on the adjustments required and
from an estate and trust when reporting the net
the proper classification of income.
winnings of both on Line 14 of PA-41 Schedule A. Gambling
and lottery net losses from the estate may not offset
LINE 14
gambling and lottery net winnings from the trust and vice
versa. In addition, costs of tickets, bets and other wagering
GAMBLING AND LOTTERY WINNINGS
paid for by the estate may not offset gambling and lottery
Enter the amount of any taxable gambling and lottery
winnings of the trust and vice versa. If either the estate or
winnings of the estate or trust.
trust has net winnings and the other has a net loss, only
As a result of Act 84 of 2016, Pennsylvania-taxable
report the net winnings on Line 14 of PA-41 Schedule A. If
gambling and lottery winnings for estates and trusts includes
both have a net loss, report a zero (0) on Line 14 of PA-41
cash prize payments made by the Pennsylvania Lottery on
Schedule A.
or after Jan. 1, 2016. Cash prize payments include all
annuity prize payments made by the Pennsylvania Lottery
LINE 15
in 2016. Cash prize payments also include any federal and
TOTAL INTEREST INCOME AND GAMBLING
state withholding tax payments, sales taxes and any other
AND LOTTERY WINNINGS
fees paid by the Pennsylvania Lottery on behalf of the
winner. Any PA personal income tax withholding on prize
Add Lines 10, 11, 12, 13 and 14. Enter on Line 1 of the PA-
payments made after July 12, 2016, should be reported on
41, Fiduciary Income Tax Return.
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