Qualified Dividends Tax Worksheet

required to be distributed to any
beneficiaries is the smaller of:
1. The estate’s or trust’s adjusted
basis in the property immediately
before distribution, plus any gain or
minus any loss recognized by the
estate or trust on the distribution (basis
of beneficiary), or
2. The FMV of such property.
If a section 643(e)(3) election is made
by the fiduciary, then the amount
entered on line 10 will be the FMV of
the property.
A fiduciary of a complex trust or a
decedent’s estate may elect to treat
any amount paid or credited to a
beneficiary within 65 days following the
close of the tax year as being paid or
credited on the last day of that tax year.
To make this election, see the
instructions for Question 6 on page 30.
The beneficiary includes the
amounts on line 10 in his or her income
only to the extent of his or her
proportionate share of the DNI.
Complex trusts. If the second tier
distributions exceed the DNI allocable
to the second tier, the trust may have
an accumulation distribution. See the
line 11 instructions below.

Line 11—Total Distributions
If line 11 is more than line 8, and you
are filing for a complex trust that has
previously accumulated income, see
the instructions on page 30 to see if
you must complete Schedule J (Form
1041).

Line 12—Adjustment for
Tax-Exempt Income

Expenses that are directly allocable
to tax-exempt income are allocated only
to tax-exempt income. A reasonable
proportion of expenses indirectly
allocable to both tax-exempt income
and other income must be allocated to
each class of income.

In figuring the income distribution
deduction, the estate or trust is not
allowed a deduction for any item of the
DNI that is not included in the gross
income of the estate or trust. Thus, for
purposes of figuring the allowable
income distribution deduction, the DNI
(line 7) is figured without regard to any
tax-exempt interest.

Schedule G—Tax
Computation

If tax-exempt interest is the only
tax-exempt income included in the total
distributions (line 11), and the DNI (line
7) is less than or equal to line 11, then
enter on line 12 the amount from line 2.

Line 1a
2009 tax rate schedule. For tax years
beginning in 2009, figure the tax using
the Tax Rate Schedule below and enter
the tax on line 1a. However, see the
Instructions for Schedule D (Form
1041) and the Qualified Dividends Tax
Worksheet below.

If tax-exempt interest is the only
tax-exempt income included in the total
distributions (line 11), and the DNI is
more than line 11 (that is, the estate or
trust made a distribution that is less
than the DNI), then figure the
adjustment by multiplying line 2 by a
fraction, the numerator of which is the
total distributions (line 11), and the
denominator of which is the DNI (line
7). Enter the result on line 12.

2009 Tax Rate Schedule
If taxable
income
is:
Over —

But not
over —

$0
2,300
5,350
8,200
11,150

If line 11 includes tax-exempt
income other than tax-exempt interest,
figure line 12 by subtracting the total of
the following from tax-exempt income
included on line 11:
1. The charitable contribution
deduction allocable to such tax-exempt
income, and
2. Expenses allocable to tax-exempt
income.

$2,300
5,350
8,200
11,150
-----

Its tax is:
15%
$345.00 + 25%
1,107.50 + 28%
1,905.50 + 33%
2,879.00 + 35%

Schedule D (Form 1041) and
Schedule D Tax Worksheet. Use
Part V of Schedule D (Form 1041) or
the Schedule D Tax Worksheet,
whichever is applicable, to figure the

Qualified Dividends Tax Worksheet—Schedule G, line 1a

Keep for Your Records

Caution: Do not use this worksheet if the estate or trust must complete Schedule D (Form 1041).
1. Enter the amount from Form 1041, line 22 . . . . . . . . . . . . . . . . . . .
2. Enter the amount from Form 1041, line 2b(2) . . . . . . . .
2.
3. If you are claiming investment interest expense on Form
4952, enter the amount from line 4g; otherwise enter -03.
4. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . .
5. Subtract line 4 from line 1. If zero or less, enter -0- . . . . . . . . . . . . .
6. Enter the smaller of the amount on line 1 or $2,300 . . . . . . . . . . . .
7. Is the amount on line 5 equal to or more than the amount on line 6?

8.
9.

10.
11.
12.
13.
14.
15.
16.

.......

1.

.......
.......
.......

4.
5.
6.

Yes. Skip lines 7 and 8; go to line 9 and check the ‘‘No’’ box.
No. Enter the amount from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
Are the amounts on lines 4 and 8 the same?
Yes. Skip lines 9 through 12; go to line 13.
No. Enter the smaller of line 1 or line 4 . . . . . . . . . . . . . . . . . . . . . . . .
9.
Enter the amount from line 8 (if line 8 is blank, enter -0-) . . . . . . . . . . . . . . . . 10.
Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
Multiply line 11 by 15% (.15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Figure the tax on the amount on line 5. Use the 2009 Tax Rate Schedule . . . . . . . . . . . . . . .
Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Figure the tax on the amount on line 1. Use the 2009 Tax Rate Schedule . . . . . . . . . . . . . . .
Tax on all taxable income. Enter the smaller of line 14 or line 15 here and on Sch. G, line 1a

-27-

Of the
amount
over —
$0
2,300
5,350
8,200
11,150

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12.
13.
14.
15.
16.