Use Tax Form 1066sq: Quarterly Notice to Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.
| A | ||||||||||
| B | Enter residual interest holder’s percentage of ownership of all residual interests: % % | |||||||||
| C | Enter the percentage of the REMIC’s assets for the quarter represented by each of the following: % % | |||||||||
| D | ||||||||||
| E | Check applicable boxes: (1) (2) | |||||||||
| F | Reconciliation of residual interest holder’s capital account | |||||||||
| Capital account at beginning of quarter | Capital contributed during quarter | Taxable income (net loss) from line 1b below | Nontaxable income | Unallowable deductions | Withdrawals and distributions | Capital account at end of quarter (combine cols. (a) through (f)) | ||||
| Caution: See Instructions for Residual Interest Holder on page 2 before entering information from this schedule on your tax return. | ||||||||||
| 1a | 1a | |||||||||
| b | 1b | |||||||||
| 2a | 2a | |||||||||
| b | 2b | |||||||||
| c | 2c | |||||||||
| 3 | Residual interest holders who are individuals or other pass-through interest holders (see Form 1066 instructions). Not required to be completed for other entities. | |||||||||
| a | 3a | |||||||||
| b | 3b | |||||||||
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