IRS Form 1041 2018 Schedule K-1 - Beneficiary's Share of Income, Deductions, Credits, Etc.

IRS Form 1041 or the "Schedule K-1 - Beneficiary's Share Of Income, Deductions, Credits, Etc." is a form issued by the U.S. Department of the Treasury - Internal Revenue Service.

A PDF of the latest IRS Form 1041 can be downloaded below or found on the U.S. Department of the Treasury - Internal Revenue Service Forms and Publications website.

Step-by-step Form 1041 instructions can be downloaded by clicking this link.

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661117
Final K-1
Amended K-1
OMB No. 1545-0092
2018
Schedule K-1
Beneficiary’s Share of Current Year Income,
Part III
(Form 1041)
Deductions, Credits, and Other Items
Department of the Treasury
For calendar year 2018, or tax year
11
1
Interest income
Final year deductions
Internal Revenue Service
Ordinary dividends
2a
/
/
/
/
beginning
ending
Beneficiary’s Share of Income, Deductions,
2b
Qualified dividends
Credits, etc.
See back of form and instructions.
Part I
Information About the Estate or Trust
Net short-term capital gain
3
A
Estate’s or trust’s employer identification number
4a
Net long-term capital gain
28% rate gain
12
Alternative minimum tax adjustment
B
Estate’s or trust’s name
4b
4c
Unrecaptured section 1250 gain
Other portfolio and
5
nonbusiness income
C
Fiduciary's name, address, city, state, and ZIP code
6
Ordinary business income
Net rental real estate income
7
13
Credits and credit recapture
8
Other rental income
9
Directly apportioned deductions
D
Check if Form 1041-T was filed and enter the date it was filed
14
Other information
E
Check if this is the final Form 1041 for the estate or trust
Part II
Information About the Beneficiary
10
Estate tax deduction
F
Beneficiary's identifying number
G
Beneficiary's name, address, city, state, and ZIP code
*See attached statement for additional information.
Note: A statement must be attached showing the
beneficiary’s share of income and directly apportioned
deductions from each business, rental real estate, and
other rental activity.
H
Domestic beneficiary
Foreign beneficiary
For Paperwork Reduction Act Notice, see the Instructions for Form 1041.
www.irs.gov/Form1041
Cat. No. 11380D
Schedule K-1 (Form 1041) 2018
661117
Final K-1
Amended K-1
OMB No. 1545-0092
2018
Schedule K-1
Beneficiary’s Share of Current Year Income,
Part III
(Form 1041)
Deductions, Credits, and Other Items
Department of the Treasury
For calendar year 2018, or tax year
11
1
Interest income
Final year deductions
Internal Revenue Service
Ordinary dividends
2a
/
/
/
/
beginning
ending
Beneficiary’s Share of Income, Deductions,
2b
Qualified dividends
Credits, etc.
See back of form and instructions.
Part I
Information About the Estate or Trust
Net short-term capital gain
3
A
Estate’s or trust’s employer identification number
4a
Net long-term capital gain
28% rate gain
12
Alternative minimum tax adjustment
B
Estate’s or trust’s name
4b
4c
Unrecaptured section 1250 gain
Other portfolio and
5
nonbusiness income
C
Fiduciary's name, address, city, state, and ZIP code
6
Ordinary business income
Net rental real estate income
7
13
Credits and credit recapture
8
Other rental income
9
Directly apportioned deductions
D
Check if Form 1041-T was filed and enter the date it was filed
14
Other information
E
Check if this is the final Form 1041 for the estate or trust
Part II
Information About the Beneficiary
10
Estate tax deduction
F
Beneficiary's identifying number
G
Beneficiary's name, address, city, state, and ZIP code
*See attached statement for additional information.
Note: A statement must be attached showing the
beneficiary’s share of income and directly apportioned
deductions from each business, rental real estate, and
other rental activity.
H
Domestic beneficiary
Foreign beneficiary
For Paperwork Reduction Act Notice, see the Instructions for Form 1041.
www.irs.gov/Form1041
Cat. No. 11380D
Schedule K-1 (Form 1041) 2018
2
Schedule K-1 (Form 1041) 2018
Page
This list identifies the codes used on Schedule K-1 for beneficiaries and provides summarized reporting information for
beneficiaries who file Form 1040. For detailed reporting and filing information, see the Instructions for Schedule K-1 (Form
1041) for a Beneficiary Filing Form 1040 and the instructions for your income tax return.
}
Report on
1. Interest income
Form 1040, line 2b
13. Credits and credit recapture
2a. Ordinary dividends
Form 1040, line 3b
Code
Report on
2b. Qualified dividends
A Credit for estimated taxes
Form 1040, line 3a
Form 1040, Schedule 5, line 66
3. Net short-term capital gain
Schedule D, line 5
B Credit for backup withholding
Form 1040, line 16
4a. Net long-term capital gain
Schedule D, line 12
C Low-income housing credit
4b. 28% rate gain
28% Rate Gain Worksheet, line 4
D Rehabilitation credit and energy credit
(Schedule D Instructions)
E Other qualifying investment credit
F Work opportunity credit
4c. Unrecaptured section 1250 gain
Unrecaptured Section 1250 Gain
Worksheet, line 11 (Schedule D
G Credit for small employer health
Instructions)
insurance premiums
H Biofuel producer credit
5. Other portfolio and nonbusiness
Schedule E, line 33, column (f)
income
I Credit for increasing research activities
6. Ordinary business income
J Renewable electricity, refined coal,
Schedule E, line 33, column (d)
or (f)
and Indian coal production credit
See the beneficiary’s instructions
7. Net rental real estate income
Schedule E, line 33, column (d)
K Empowerment zone employment credit
or (f)
L Indian employment credit
M Orphan drug credit
8. Other rental income
Schedule E, line 33, column (d)
or (f)
N Credit for employer-provided child
care and facilities
9. Directly apportioned deductions
Code
O Biodiesel and renewable diesel fuels
credit
A Depreciation
Form 8582 or Schedule E, line
33, column (c) or (e)
P Credit to holders of tax credit bonds
B Depletion
Form 8582 or Schedule E, line
Q Credit for employer differential wage
33, column (c) or (e)
payments
R Recapture of credits
C Amortization
Form 8582 or Schedule E, line
33, column (c) or (e)
Z Other credits
10. Estate tax deduction
Schedule A, line 16
14. Other information
11. Final year deductions
A Tax-exempt interest
Form 1040, line 2a
A Excess deductions
See the beneficiary's instructions
B Foreign taxes
Form 1040, Schedule 3, line 48 or
Sch. A, line 6
B Short-term capital loss carryover
Schedule D, line 5
C Long-term capital loss carryover
Schedule D, line 12; line 5 of the
C Reserved
wksht. for Sch. D, line 18; and
line 16 of the wksht. for Sch. D,
D Reserved
line 19
E Net investment income
Form 4952, line 4a
D Net operating loss carryover —
Form 1040, Schedule 1, line 21
regular tax
F Gross farm and fishing income
Schedule E, line 42
E Net operating loss carryover —
G Foreign trading gross receipts
Form 6251, line 2f
See the Instructions for
minimum tax
(IRC 942(a))
Form 8873
}
H Adjustment for section 1411 net
Form 8960, line 7 (also see the
12. Alternative minimum tax (AMT) items
investment income or deductions
beneficiary's instructions)
A Adjustment for minimum tax purposes
Form 6251, line 2j
I Qualified business income, section 199A
See the beneficiary’s instructions
B AMT adjustment attributable to
qualified dividends
Z Other information
See the beneficiary’s instructions
C AMT adjustment attributable to
Note: If you are a beneficiary who does not file a Form 1040,
net short-term capital gain
see instructions for the type of income tax return you are filing.
D AMT adjustment attributable to
net long-term capital gain
See the beneficiary’s
instructions and the
E AMT adjustment attributable to
Instructions for Form 6251
unrecaptured section 1250 gain
F AMT adjustment attributable to
28% rate gain
G Accelerated depreciation
H Depletion
I Amortization
J Exclusion items
2019 Form 8801

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