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2b Qualified dividends
Beneficiary’s Share of Income, Deductions,
Credits, etc. © See back of form and instructions.
3 Net short-term capital gain
Part I Information About the Estate or Trust
A Estate’s or trust’s employer identification number 4a Net long-term capital gain
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
10 Estate tax deduction
For Paperwork Reduction Act Notice, see the Instructions for Form 1041. Cat. No. 11380D Schedule K-1 (Form 1041) 2006
Schedule K-1 (Form 1041) 2006 Page 2
This list identifies the codes used on Schedule K-1 for 12. Alternative minimum tax items
%
beneficiaries and provides summarized reporting information for Code Report on
beneficiaries who file Form 1040. For detailed reporting and filing A Adjustment for minimum tax purposes Form 6251, line 14
information, see the Instructions for Beneficiary Filing Form 1040
and the instructions for your income tax return. B AMT adjustment attributable to
qualified dividends
Report on C AMT adjustment attributable to
net short-term capital gain
1. Interest income Form 1040, line 8a
D AMT adjustment attributable to
2a. Ordinary dividends Form 1040, line 9a net long-term capital gain See the beneficiary’s
2b. Qualified dividends Form 1040, line 9b E AMT adjustment attributable to instructions and the
unrecaptured section 1250 gain Instructions for Form 6251
3. Net short-term capital gain Schedule D, line 5, column (f)
F AMT adjustment attributable to
4a. Net long-term capital gain Schedule D, line 12, column (f) 28% rate gain
4b. 28% rate gain Line 4 of the worksheet for G Accelerated depreciation
Schedule D, line 18 H Depletion
I Amortization
4c. Unrecaptured section 1250 gain Line 11 of the worksheet for
Schedule D, line 19 J Exclusion items 2007 Form 8801
13. Credits and credit recapture
5. Other portfolio and nonbusiness Schedule E, line 33, column (f)
income A Credit for estimated taxes Form 1040, line 65
B Credit for backup withholding Form 1040, line 64
6. Ordinary business Income Schedule E, line 33, column (d)
or (f) C Low-income housing credit Form 3800, line 1e
D Qualified rehabilitation expenditures See the beneficiary’s instructions
7. Net rental real estate income Schedule E, line 33, column (d)
or (f) E Basis of other investment credit
property See the beneficiary’s instructions
8. Other rental income Schedule E, line 33, column (d) F Work opportunity credit Form 3800, line 1b
or (f)
G Welfare-to-work credit Form 3800, line 1c
9. Directly apportioned deductions H Alcohol fuel credit Form 6478, line 5
Code (also see the beneficiary’s
instructions)
A Depreciation Form 8582 or Schedule E, line
I Credit for increasing research Form 3800, line 1d
33, column (c) or (e)
activities
B Depletion Form 8582 or Schedule E, line J Renewable electricity, refined coal, See the beneficiary’s instructions
33, column (c) or (e) and Indian coal production credit
C Amortization Form 8582 or Schedule E, line K Empowerment zone and renewal Form 8844, line 3
33, column (c) or (e) community employment credit
L Indian employment credit Form 3800, line 1i
10. Estate tax deduction Schedule A, line 27
11. Final year deductions M Orphan drug credit Form 3800, line 1k
A Excess deductions Schedule A, line 22 N Credit for employer provided child Form 3800, line 1n
care and facilities
B Short-term capital loss carryover Schedule D, line 5, column (f)
O Biodiesel and renewable diesel Form 8864, line 9
C Long-term capital loss carryover Schedule D, line 12, column (f); fuels credit (also see the beneficiary’s
line 5 of the wksht. for Sch. D, instructions)
line 18; and line 16 of the wksht.
for Sch. D, line 19 P Nonconventional source fuel credit Form 3800, line 1s
D Net operating loss carryover — Q Clean renewable energy bond See the beneficiary’s instructions
regular tax Form 1040, line 21 and Gulf tax credit bond credits and Form 8912
R Credits for employers affected Form 3800, line 1aa
E Net operating loss carryover — by Hurricane Katrina, Rita, or (also see the beneficiary’s
minimum tax Form 6251, line 27 Wilma instructions)
S Energy efficient appliance credit Form 3800, line 1u
T Recapture of credits See the beneficiary’s instructions
Note. If you are a beneficiary who does not file a Form 1040,
see instructions for the type of income tax return you are filing.
Schedule K-1 (Form 1041) 2006 Page 3
Box 9—Directly Apportioned Deduction Code H. Alcohol fuel credit. If this credit includes the small
ethanol producer credit, the fiduciary will provide additional
The fiduciary must attach a statement showing depreciation, information on an attached statement. If a statement is
depletion, and amortization directly apportioned to you, if any, attached, see the instructions for line 5 of Form 6478, Credit
for each activity reported in boxes 5 through 8. for Alcohol Used as Fuel.
Box 12—Alternative Minimum Tax Items If no statement is attached, report this amount on Form
6478, line 5.
The information reported in box 12, codes A through I is used
to prepare your Form 6251, Alternative Minimum Code J. Renewable electricity, refined coal, and Indian
Tax—Individuals. Code A, Adjustment for minimum tax coal production credit. Complete Form 8835, Renewable
purposes, is the total amount reported on Form 6251, line 14. Electricity, Refined Coal, and Indian Coal Production Credit, to
Codes B through F represent the portion, if any, of the amount figure the amount of your credit. The fiduciary must provide a
included in code A. statement showing the amount of credit to report on line 9 in
Section A, and how much to report on line 23 in Section B of
Codes B through F. If you have an amount in box 12 with
Form 8835.
code B, C, D, E, or F, see the instructions for lines 37, 38, and
39 of Form 6251. Code O. Biodiesel and renewable diesel fuels credit. If this
credit includes the small agri-biodiesel producer credit, the
Codes G through I. Include the amount with any of these
fiduciary will provide additional information on an attached
codes on the applicable line of Form 6251.
statement. If no statement is attached, report this amount on
Code J. Exclusion items. If you pay alternative minimum tax line 9 of Form 8864, Biodiesel and Renewable Diesel Fuels
in 2006, the amount in box 12, code J will help you figure any Credit. If a statement is attached, see the instructions for Form
minimum tax credit for 2007. See the 2007 Form 8801, Credit 8864, line 9.
for Prior Year Minimum Tax—Individuals, Estates, and Trusts,
Code Q. Clean renewable energy bond and Gulf tax credit
for more information.
bond credits. Complete Form 8912, Credit for Clean
Box 13—Credits and Credit Recapture Renewable Energy and Gulf Tax Credit Bonds, to figure the
amount of your allowable credit. The fiduciary must provide
Codes A through R list all the credits that may be allocated to you a statement showing the amount to report on line 3 and
you as a beneficiary. The corresponding line shows you what line 9 of Form 8912.
form to use when reporting the amount.
Code R. Credits for employers affected by Hurricane
Code A. Credit for estimated taxes. The beneficiary treats Katrina, Rita, or Wilma. The fiduciary must provide you with a
this amount as a payment of estimated tax. To figure any statement that shows the amount of the credit to report on
underpayment and penalty on Form 2210, Underpayment of line 3 and line 7 of Form 5884-A, Credit for Employers
Estimated Tax by Individuals, Estates, and Trusts, treat the Affected by Hurricane Katrina, Rita, or Wilma, if you are
amount entered on box 13, code A, as an estimated tax required to file this form in addition to Form 3800.
payment made on January 15, 2007.
Code T. Recapture of credits. If you are required to
Note. Form 1041-T, Allocation of Estimated Tax Payments to recapture any credits, the fiduciary will provide a statement
Beneficiaries, must be timely filed by the fiduciary for the with the information you need to figure your credit recapture.
beneficiary to get the credit for an estimated tax payment.
Box 14—Other Information
Code D. Qualified rehabilitation expenditures.The fiduciary
must provide you with a statement that shows the amount of Code F. Gross farming and fishing income. The amount of
any qualified rehabilitation expenditures and which line on farming and fishing income is included in box 6. This income
Form 3468, Investment Credit, to report those expenditures. is separately stated to help you determine if you are subject to
a penalty for underpayment of estimated tax. Report the
Code E. Basis of other investment credit property. This amount of gross farming and fishing income on Schedule E
code is used to report the basis of property for figuring the (Form 1040), line 42.
energy credit, the qualifying advanced coal project credit, and
the qualifying gasification project credit on lines 2 through 4 of Code H. Other income. If this code is used, the fiduciary will
Form 3468. The fiduciary must provide you with a statement provide you with any additional information you may need to
that shows the amount of basis and where to report it on Form file your return that is not shown elsewhere on this Schedule
3468. If your statement includes an amount to be reported on K-1.
line 2c or 2f, the statement must also show an additional
amount to report on line 2d or 2g.