TAXABLE YEAR
FORM
1998
California Fiduciary Income Tax Return
541
For calendar year 1998 or fiscal year beginning month _______ day ______ year 1998, and ending month _______ day ______ year _______
Federal employer identification no.
Check applicable boxes:
Name of estate or trust
Do Not Write
In These
Decedent’s estate
Spaces
Simple trust
Name and title of fiduciary
P
Complex trust
Grantor type trust
AC
Address of fiduciary (number and street or PO box)
Suite number
Bankruptcy estate –
A
Chpt. 7
Bankruptcy estate –
City
State
ZIP Code
R
Chpt. 11
RP
Pooled income fund
Check applicable boxes:
Initial return
Final return
REMIC
Amended return. Attach explanation and schedules
Change in fiduciary’s name or address
1 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Business income or (loss). Attach federal Schedule C or C-EZ (Form 1040). . . . . . . . . . . . . . . . . . . . . . . .
3
I
N
4 Capital gain or (loss). Attach Schedule D (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
C
5 Rents, royalties, partnerships, other estates and trusts, etc. Attach federal Schedule E (Form 1040) . . . . . . . . . .
5
O
6 Farm income or (loss). Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
M
7 Ordinary gain or (loss). Attach Schedule D-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
E
8 Other income. See instructions. State nature of income
. . . . . . . . . . .
8
9 Total income. Combine line 1 through line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
D
12 Fiduciary fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
E
13 Charitable deduction from Side 2, Schedule A, line 7 . . . . . . . . . . . . . . . . . .
13
D
14 Attorney, accountant and return preparer fees. . . . . . . . . . . . . . . . . . . . . . .
14
U
C
15
a Other deductions not subject to 2% floor. Attach sch.
15a
T
15b
b Allowable misc. itemized deductions subject to 2% floor
I
15c
c Total. Add line 15a and line 15b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
O
16 Total. Add line 10 through line 14 and line 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
N
•
17 Adjusted total income (or loss). Subtract line 16 from line 9. Enter here and on Side 2, Schedule B, line 1
. .
17
S
•
18 Income distribution deduction from Side 2, Schedule B, line 16. Attach Schedule K-1 (541) . . . . . . . . . . . .
18
20 Taxable income of fiduciary. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
21 a Regular tax
; b Other taxes
; c QSF tax
; d Total . . . . . . . .
21
22
Exemption credit ($10.00 for an estate, $1.00 for a trust). See instructions . . . . . . . . .
22
23 Credits. Attach worksheet. If one credit, enter code
. . . . . . . . . . . . . .
23
T
Note: If more than one credit see instructions.
A
24 Total. Add line 22 and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
X
25 Subtract line 24 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
•
26 Alternative minimum tax. Attach Schedule P (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
•
A
27 Tax liability. Add line 25 and line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
N
28 California income tax withheld. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
D
29 California income tax previously paid. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
30 1998 CA estimated tax, amount applied from 1997 return and payment with form FTB 3563 . . . . . . . . . . .
30
P
31 Total payments. Add line 28, line 29 and line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31
A
32 Tax due. Subtract line 31 from line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
32
Y
33 Overpaid tax. Subtract line 27 from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33
M
34 Amount of line 33 to be credited to 1999 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34
E
N
35 Amount of overpaid tax available this year. Subtract line 34 from line 33 . . . . . . . . . . . . . . . . . . . . . .
35
T
36 Total voluntary contributions from Side 2, Schedule C, line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36
S
,
,
•
37 Refund or No Amount Due. Subtract line 36 from line 35 . . . . . . . . . . . . . . . . . . . . . .
37
,
,
•
38 Amount Due. Add line 32 and line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38
39 Underpayment of estimated tax. If form FTB 5805 is attached, check box at right . . . . . . . . . . . . . . .
39
54198109
Form 541
1998 Side 1
C1