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U.S. Income Tax Return for Estates and Trusts Income 1 Interest income 1 2a Total ordinary dividends 2a b Qualified dividends allocable to: (1) Beneficiaries (2) Estate or trust 3 Business income or (loss). Attach Schedule C or C-EZ (Form 1040) 3 4 Capital gain or (loss). Attach Schedule D (Form 1041) 4 5 Rents, royalties, partnerships, other estates and trusts, etc. Attach Schedule E (Form 1040) 5 6 Farm income or (loss). Attach Schedule F (Form 1040) 6 7 Ordinary gain or (loss). Attach Form 4797 7 8 Other income. List type and amount 8 9 Total income. Combine lines 1, 2a, and 3 through 8 ▸ 9 Deductions 10 Interest. Check if Form 4952 is attached ▸ 10 11 Taxes 11 12 Fiduciary fees 12 13 Charitable deduction (from Schedule A, line 7) 13 14 Attorney, accountant, and return preparer fees 14 15a Other deductions not subject to the 2% floor (attach schedule) 15a b Net operating loss deduction. See instructions 15b c Allowable miscellaneous itemized deductions subject to the 2% floor 15c 16 Add lines 10 through 15c ▸ 16 17 Adjusted total income or (loss). Subtract line 16 from line 9 17 18 Income distribution deduction (from Schedule B, line 15). Attach Schedules K-1 (Form 1041) 18 19 Estate tax deduction including certain generation-skipping taxes (attach computation) 19 20 Exemption 20 21 Add lines 18 through 20 21 Tax and Payments 22 Taxable income. Subtract line 21 from line 17. If a loss, see instructions 22 23 Total tax (from Schedule G, line 7) 23 24 Payments: a 2016 estimated tax payments and amount applied from 2015 return 24a b Estimated tax payments allocated to beneficiaries (from Form 1041-T) 24b c Subtract line 24b from line 24a 24c d Tax paid with Form 7004. See instructions 24d e Federal income tax withheld. If any is from Form(s) 1099, check ▸ 24e Other payments: f Form 2439 g Form 4136 Total ▸ 24h 25 Total payments. Add lines 24c through 24e, and 24h 25 26 Estimated tax penalty. See instructions 26 27 Tax due. If line 25 is smaller than the total of lines 23 and 26, enter amount owed 27 28 Overpayment. If line 25 is larger than the total of lines 23 and 26, enter amount overpaid 28 29 Amount of line 28 to be: a Credited to 2017 estimated tax ▸ ; b Refunded ▸ 29 Schedule A Charitable Deduction. Don't complete for a simple trust or a pooled income fund. 1 Amounts paid or permanently set aside for charitable purposes from gross income. See instructions 1 2 Tax-exempt income allocable to charitable contributions. See instructions 2 3 Subtract line 2 from line 1 3 4 Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable purposes 4 5 Add lines 3 and 4 5 6 Section 1202 exclusion allocable to capital gains paid or permanently set aside for charitable purposes. See instructions 6 7 Charitable deduction. Subtract line 6 from line 5. Enter here and on page 1, line 13 7 Schedule B Income Distribution Deduction 1 Adjusted total income. See instructions 1 2 Adjusted tax-exempt interest 2 3 Total net gain from Schedule D (Form 1041), line 19, column (1). See instructions 3 4 Enter amount from Schedule A, line 4 (minus any allocable section 1202 exclusion) 4 5 Capital gains for the tax year included on Schedule A, line 1. See instructions 5 6 Enter any gain from page 1, line 4, as a negative number. If page 1, line 4, is a loss, enter the loss as a positive number 6 7 Distributable net income. Combine lines 1 through 6. If zero or less, enter -0- 7 8 If a complex trust, enter accounting income for the tax year as determined under the governing instrument and applicable local law 8 9 Income required to be distributed currently 9 10 Other amounts paid, credited, or otherwise required to be distributed 10 11 Total distributions. Add lines 9 and 10. If greater than line 8, see instructions 11 12 Enter the amount of tax-exempt income included on line 11 12 13 Tentative income distribution deduction. Subtract line 12 from line 11 13 14 Tentative income distribution deduction. Subtract line 2 from line 7. If zero or less, enter -0- 14 15 Income distribution deduction. Enter the smaller of line 13 or line 14 here and on page 1, line 18 15 Schedule G Tax Computation (see instructions) 1 Tax: a Tax on taxable income. See instructions 1a b Tax on lump-sum distributions. Attach Form 4972 1b c Alternative minimum tax (from Schedule I (Form 1041), line 56) 1c d Total. Add lines 1a through 1c ▸ 1d 2a Foreign tax credit. Attach Form 1116 2a b General business credit. Attach Form 3800 2b c Credit for prior year minimum tax. Attach Form 8801 2c d Bond credits. Attach Form 8912 2d e Total credits. Add lines 2a through 2d ▸ 2e 3 Subtract line 2e from line 1d. If zero or less, enter -0- 3 4 Net investment income tax from Form 8960, line 21 4 5 Recapture taxes. Check if from: Form 4255 Form 8611 5 6 Household employment taxes. Attach Schedule H (Form 1040) 6 7 Total tax. Add lines 3 through 6. Enter here and on page 1, line 23 ▸ 7 Other Information Yes No 1 Did the estate or trust receive tax-exempt income? If “Yes,” attach a computation of the allocation of expenses. Enter the amount of tax-exempt interest income and exempt-interest dividends ▸ $ 2 Did the estate or trust receive all or any part of the earnings (salary, wages, and other compensation) of any individual by reason of a contract assignment or similar arrangement? 3 At any time during calendar year 2016, did the estate or trust have an interest in or a signature or other authority over a bank, securities, or other financial account in a foreign country? See the instructions for exceptions and filing requirements for FinCEN Form 114. If “Yes,” enter the name of the foreign country ▸ 4 During the tax year, did the estate or trust receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If “Yes,” the estate or trust may have to file Form 3520. See instructions 5 Did the estate or trust receive, or pay, any qualified residence interest on seller-provided financing? If “Yes,” see the instructions for required attachment 6 If this is an estate or a complex trust making the section 663(b) election, check here. See instructions ▸ 7 To make a section 643(e)(3) election, attach Schedule D (Form 1041), and check here. See instructions ▸ 8 If the decedent’s estate has been open for more than 2 years, attach an explanation for the delay in closing the estate, and check here ▸ 9 Are any present or future trust beneficiaries skip persons? See instructions 10 Was the trust a specified domestic entity required to file Form 8938 for the tax year (see the Instructions for Form 8938)?