Instructions For Pa-41 Schedule B - Pennsylvania Department Of Revenue

2012

Pennsylvania Department of Revenue

Instructions for PA-41 Schedule B

Dividend and Capital Gains Distributions Income

Line 2

If the estate or trust realizes

General Information

income from more than one

Total Dividend Income

partnership, provide a statement

Add all amounts from Line 1 including

Purpose of Schedule

showing the FEIN, name, and amount

amounts on additional schedules.

of distributable/distributed income by

Use PA-41 Schedule B

o report

the partnership. Also include the PA-

dividend and capital gains distributions

Line 3

20S/PA-65 Schedules RK-1 or federal

income of estates and trusts.

Form 1065 Schedule K-1 when filing

Capital Gains Distributions

your PA-41, Fiduciary Income Tax

Capital gains distributions are taxable

Return.

Form Instructions

as dividend income on Line 2 of the PA-

41, Fiduciary Income Tax Return, not

Name

capital gains as for federal purposes.

Line 5

Enter the complete name of the estate

Dividend Income from PA S

Do not report capital gains

or trust as shown on the PA-41,

Corporations from PA

distributions on PA-41

Fiduciary Income Tax Return.

Schedules RK-1

Schedule D.

FEIN or Decedent’s SSN

If the estate or trust is an owner in a

PA S corporation or entity formed as a

Enter the nine-digit federal employer

Line 4

limited liability company that is

identification number (FEIN) of the

classified as a PA S corporation for

Dividend Income from

estate or trust or the decedent’s Social

federal income tax purposes, it will

Security number as shown on the PA-

Partnerships from PA

receive a PA-20S/PA-65 Schedule RK-1

41, Fiduciary Income Tax Return.

Schedules RK-1

showing its share of any dividend

If the estate or trust is an owner in a

income. Report the amount of any

An estate with a FEIN should

partnership or entity formed as a

dividend income from PA-20S/PA-65

not use the decedent’s Social

limited liability company that is

Schedule RK-1, Line 3 on PA-41

Security number.

classified as a partnership for federal

Schedule B, Line 4 or 5.

income tax purposes, it will receive a

Submit all such schedules to

Line Instructions

PA-20S/PA-65 Schedule RK-1 showing

support the amount reported on PA-41

its share of any dividend income.

Schedule B. Include a copy of the

Report the amount of any dividend

Line 1

federal Form 1020S Schedule K-1 if a

income from PA-20S/PA-65 Schedule

PA-20S/PA-65 Schedule RK-1 is not

Dividend and Capital Gains

RK-1, Line 3 on PA-41 Schedule B, Line

supplied by the PA S corporation or

4 or 5.

Distributions Income

entity formed as a limited liability

Submit all such schedules to

All taxable dividend income must be

company that is classified as a PA S

support the amount reported on PA-41

reported. If the estate or trust has

corporation for federal income tax

Schedule B. Include a copy of federal

Pennsylvania-taxable dividend income

purposes. If the estate or trust receives

Form 1065 Schedule K-1 if a PA-

that is more than $2,500, PA-41

only a federal Form 1120S Schedule K-

20S/PA-65 Schedule RK-1 is not

Schedule B must be completed listing

1, the estate or trust must obtain a PA-

supplied by the partnership or entity

the name of each payer and amount of

20S/PA-65 Schedule RK-1 from the

formed as a limited liability company

Pennsylvania-taxable dividend of the

entity. The department will only permit

that is classified as a partnership for

payer from each federal Form 1099-

the estate or trust to adjust and

federal income tax purposes. If the

DIV or other statement.

reclassify the income from federal Form

estate or trust receives only a federal

1120S Schedule K-1 according to

Form 1065 Schedule K-1, it must

Under a Stock Dividend

Pennsylvania rules in limited

adjust and classify the income from the

Reinvestment Plans, dividends

circumstances. See the PA PIT Guide,

federal Form 1065 Schedule K-1

are elected in the form of stock,

Chapter 16, Pass Through Entities, for

according to Pennsylvania rules. See

rather than cash or other property. The

additional information on the

the PA PIT Guide, Chapter 16, Pass

estate or trust must include the stock's

adjustments required and the proper

Through Entities, for additional

fair market value as dividend income

classification of income.

information on the adjustments

as of the date paid.

If the estate or trust realizes

required and the proper classification

income from more than one PA S

of income.

corporation, provide a statement

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Instructions For Pa-41 Schedule B - Pennsylvania Department Of Revenue - 2012

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