Form Schedule J (Form 1 Schedule J (Form 1 Accumulation Distribution for Certain Complex Trusts

SCHEDULE J
(Form 1041)

Accumulation Distribution for Certain Complex Trusts
 Attach

Department of the Treasury
Internal Revenue Service
Name of trust

Part I

 See

OMB No. 1545-0092

to Form 1041.

2009

the Instructions for Form 1041.

Employer identification number

Accumulation Distribution in 2009

Note: See the Form 4970 instructions for certain income that minors may exclude and special rules for multiple trusts.
1
Other amounts paid, credited, or otherwise required to be distributed for 2009 (from Form 1041,
Schedule B, line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
3

4

Subtract line 3 from line 2. If zero or less, enter -0-

5

Accumulation distribution for 2009. Subtract line 4 from line 1

Part II

7

8
9

Distributable net income (see
page 31 of the instructions) .
Distributions (see page 31 of
the instructions) . . . . .

11

12

Subtract line 11 from line 10

12

13

Allocate the amount on line 5
to the earliest applicable year
first. Do not allocate an
amount greater than line 12
for the same year (see page
31 of the instructions) . . .
Divide line 13 by line 10 and
multiply result by amount on
line 9 . . . . . . . .

15
16

17

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4

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5

Add lines 13 and 14
Tax-exempt interest
on line 13 (see page
instructions) . . .

. . .
included
31 of the
. . .

Subtract line 16 from line 15

Throwback
year ending

Throwback
year ending

Throwback
year ending

Throwback
year ending

Throwback
year ending

8

10

14

.

7

Enter
amount
of
prior
accumulation
distributions
thrown back to any of these
years . . . . . . . .

11

.

6

Subtract line 7 from line 6 .
Enter amount from page 2,
line 25 or line 31, as
applicable
. . . . . .
Undistributed net income
Subtract line 9 from line 8 .

10

.

3

Ordinary Income Accumulation Distribution (Enter the applicable throwback years below.)

Note: If the distribution is thrown back to more
than five years (starting with the earliest
applicable tax year beginning after 1968), attach
additional schedules. (If the trust was a simple
trust, see Regulations section 1.665(e)-1A(b).)

6

2

Distributable net income for 2009 (from Form 1041, Schedule B, line 7) . . . .
Income required to be distributed currently for 2009 (from Form 1041, Schedule B,
line 9) . . . . . . . . . . . . . . . . . . . . . . . . . .

9

13

14
15

16
17

For Paperwork Reduction Act Notice, see the Instructions for Form 1041.

Cat. No. 11382Z

Schedule J (Form 1041) 2009

Page 2

Schedule J (Form 1041) 2009

Part III

Taxes Imposed on Undistributed Net Income (Enter the applicable throwback years below.) (See page 31 of the instructions.)
Note: If more than five throwback years are involved, attach additional schedules. If the trust received an accumulation distribution
from another trust, see Regulations section 1.665(d)-1A.
If the trust elected the alternative tax
on capital gains (repealed for tax
years beginning after 1978), skip
lines 18 through 25 and complete
lines 26 through 31.
18
19
20
21
22
23

24

Regular tax . . . . . .
Trust’s share of net shortterm gain . . . . . . .
Trust’s share of net long-term
gain
. . . . . . . .
Add lines 19 and 20 . . .
Taxable income . . . . .
Enter percent. Divide line 21
by line 22, but do not enter
more than 100% . . . .
Multiply line 18 by the
percentage on line 23 . . .

Tax on undistributed net
income. Subtract line 24 from
line 18. Enter here and on
page 1, line 9 . . . . .
Do not complete lines 26 through
31 unless the trust elected the
alternative
tax
on
long-term
capital gain.

Throwback
year ending

Throwback
year ending

Throwback
year ending

Throwback
year ending

Throwback
year ending

18
19
20
21
22

23

%

%

%

%

%

%

%

%

%

%

24

25

26
27

Tax on income other than
long-term capital gain . . .
Trust’s share of net shortterm gain . . . . . . .

28

Trust’s share of taxable
income less section 1202
deduction . . . . . . .

29

Enter percent. Divide line 27
by line 28, but do not enter
more than 100% . . . .
Multiply line 26 by the
percentage on line 29 . . .

30

25

26
27

28

29

30
Tax on undistributed net
income. Subtract line 30 from
line 26. Enter here and on
page 1, line 9 . . . . .
31
Part IV
Allocation to Beneficiary
Note: Be sure to complete Form 4970, Tax on Accumulation Distribution of Trusts.
31

Beneficiary’s name

Identifying number

Beneficiary’s address (number and street including apartment number or P.O. box)

(a)
This
beneficiary’s
share of
line 13

City, state, and ZIP code

32
33
34
35
36
37

Throwback year
. . . . .
Throwback year
. . . . .
Throwback year
. . . . .
Throwback year
. . . . .
Throwback year
. . . . .
Total. Add lines 32 through 36. Enter here
lines of Form 4970 . . . . . . . .

. . . .
. . . .
. . . .
. . . .
. . . .
and on the
. . . .

. . . .
. . . .
. . . .
. . . .
. . . .
appropriate
. . . .

(b)
This
beneficiary’s
share of
line 14

(c)
This
beneficiary’s
share of
line 16

32
33
34
35
36
37
Schedule J (Form 1041) 2009