Form 541 - California Fiduciary Income Tax Return - 2009 Page 3
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3Schedule B Income Distribution Deduction
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Adjusted total income. Enter amount from Side 1, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Adjusted tax-exempt interest and nontaxable gain from installment sale of small business stock. See instructions . . . . . . . . . . 2
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3 Net gain shown on Schedule D (541), line 9, column a. If net loss, enter -0-. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . 3
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4 Enter amount from Schedule A, line 4 (reduced by any allocable R&TC Section 18152.5 exclusion) . . . . . . . . . . . . . . . . . . . . . 4
5 Enter capital gain included on Schedule A, line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
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6 If the amount on Side 1, line 4 is a gain, enter the amount here as a negative number.
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If the amount on Side 1, line 4 is a loss, enter the loss as a positive number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
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7 Distributable net income. Combine line 1 through line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
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8 Income for the taxable year determined under the governing instrument (accounting income). . 8
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9 Income required to be distributed currently (IRC Section 651) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
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0 Other amounts paid, credited, or otherwise required to be distributed (IRC Section 661) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Total distributions. Add line 9 and line 10. If the result is greater than line 8, see federal Schedule B (1041)
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instructions for line 11 to see if you must complete Schedule J (541). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2 Enter the total amount of tax-exempt income included on line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Tentative income distribution deduction. Subtract line 12 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
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4 Tentative income distribution deduction. Subtract line 2 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
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5 Income distribution deduction. Enter the smaller of line 13 or line 14 here and on Side 1, line 18 . . . . . . . . . . . . . . . . . . . . . 5
Schedule G California Source Income and Deduction Apportionment
Part I: If a trust, enter the number of:
a California resident trustees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Nonresident trustees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Total number of trustees (line a plus line b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d California resident beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e Nonresident beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
f Total number of beneficiaries (line d plus line e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II: Income Allocation Complete questions 1a through 1f above prior to completing Income and Deduction Allocation.
A
B
C
D
E
F
Apportioned
Apportioned
Remaining
Income
Income
Income
Non-California
Reportable to
# CA Trustees X B
# CA Beneficiaries X D
California Source
Non-California
Source Income
California
# Total Trustees
# Total Beneficiaries
Type of Income
Income
Source Income
Col. B - Col. C
(Col. A+C+E)
Interest
2 Dividends
3 Business income
4 Capital gain
5 Rents, royalties, etc.
6 Farm income
7 Ordinary gain
8 Other income
9 Total income
Enter the amounts from lines 1-9, column F, on Form 541, Side 1, lines 1-9.
Deduction Allocation
G
H
Type of Deduction
Total Deductions
Amounts Allocable To California
0 Interest
Taxes
2 Fiduciary fees
3 Charitable deduction
4 Attorney, accountant, and return preparer fees
5 a Other deduction not subject to 2% floor
5 b Allowable misc. itemized deductions subject to 2% floor
6 Total deductions
Enter the amounts from lines 10-15b, column H, on Form 541, Side 1, lines 10-15b.
Form 541
2009 Side 3
3163093
C1
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