Kentucky Fiduciary Income Tax Return Form

The following form has to be completed and submitted by all taxpayers in the State of Kentucky.

Extracted Text for Proper Search

2012	
Form 	741	
42A741Department of Revenue	
 Name of Estate or Trust  Federal Employer Identification Number
 
 
 Name and Title of Fiduciary  Date Entity Created
 
 
 Address of Fiduciary (Number and Street or P.O. Box)  Room or Suite Number
 
 
 City, State and ZIP Code  Telephone Number
 Number of Schedules K-1 attached. 	 ➤ 	(Copies Must Be Attached)	
Check applicable box:
		Decedent's estate	
 	Simple trust	
  Complex trust	
  ESBT (S portion only)	
  Grantor trust	
  Bankruptcy estate	
 	Pooled income fund	
 
Check applicable boxes:
 	Initial return	
		Amended return	
			Final return	
✍
For calendar year or other taxable year
beginning	 ____________ 	, 2012, and ending	 _____________ 	, 2013.	
KENTUCKY	
FIDUCIARY	 INCOME	 TAX	 RETURN	
*1200020029*	
➤ Attach a copy of the federal return including all schedules and statemen\
ts.	
  1.  Federal adjusted total income (federal Form 1041, line 17)	 ........................................................................\
........	  1 	
 2.  Additions (from page 2, Schedule M, line 4)	 ................................................................	 2	
  3.  Enter the portion of deductions allocable to line 2	 ......................................................	 3	
  4.  Subtract line 3 from line 2	 ........................................................................\
..............................................................	 4	
  5.  Add lines 1 and 4	........................................................................\
.............................................................................	 5	
 6. Subtractions (from page 2, Schedule M, line 8)	 ...........................................................	 6	
  7.  Enter the portion of deductions allocable to line 6	 ......................................................	 7	
  8.  Subtract line 7 from line 6	 ........................................................................\
..............................................................	 8	
  9.  Subtract line 8 from line 5. This is your Kentucky 	adjusted total income (loss)	. Enter here	
  and on page 2, Schedule B, line 1	 ........................................................................\
.................................................	 9	
10.  Income distribution deduction (from page 2, Schedule B, line 15)
 	(attach Schedule(s) K-1)	  ........................................................................\
......................	  10	
11.  Pension income exclusion (attach Schedule P, if more than $41,110)	 .....................	  11	
12.  Federal estate tax deduction (attach computation)	 ....................................................	  12	
13.  Add lines 10, 11 and 12	........................................................................\
.................................................................	 13	
14.  Total income of fiduciary (subtract line 13 from line 9)	 ........................................................................\
.............	  14	
INTANGIBLE INCOME ATTRIBUTABLE TO NONRESIDENTS INCLUDED IN LINE 14
15. 	Trusts or estates with income attributable to nonresident beneficiarie\
s. 	Enter the portion of	
  intangible income included in line 14 that is attributable to 	nonresident beneficiaries	.	
 Enter zero if not applicable. See instructions	 ........................................................................\
...............................	15	
16.  Taxable income of fiduciary (subtract line 15 from line 14) 	This is your taxable income	  ...............................	16	
TAX COMPUTATION
17.  Tax: (a) tax rate schedule  (b) Form 4972-K (c) Schedule RC-R  	Total	 17(d) 	
18. Nonrefundable credit(s) 	(specify and attach supporting documents) 	  	 .....	18	
19.  Enter 	Tax Credit 	($2 for a trust; $20 for an estate). 	This credit is not refundable	  ............................................	19	
20. 	Total Tax	 (subtract lines 18 and 19 from line 17d; if line 18 plus line 19 is mo\
re than line 17d, enter -0-)	 ..........	20	
21.  (a) Estimated tax payments	 ........................................................................\
............	21(a)	
  (b) Withholding (attach wage and tax statements)	 ...............................................	21(b)	
 	(c)  Refundable Certified Rehabilitation Credit (KRS 141.382(1)(b))	 .....................	21(c)	
  (d) Film Industry Tax Credit (KRS 141.383)	 ............................................................	21(d) 	
  (e) Nonresident Withholding from Form PTE-WH, line 9 	 ....................................	21(e)	
  (f) 	Total	 of amounts on Line 21(a) through 21(e)	 ........................................................................\
..................	21(f)	
22.  Subtract line 21(f) from line 20. Enter amount of 	 tax due   	 refund   	 credit forward	 ....................	22	
I declare under the penalties of perjury that this return (including any accompanying schedules and statements) has been examined by me and, to the best of my knowledge and belief, is a true, correct and comp\
lete return.	
Signature of Fiduciary or Agent  PTIN or Identification Number of Fiduciary or Agent  Date  
Typed or Printed Name of Preparer Other Than Fiduciary or Agent Identification Number of Preparer  Date 	
  	➤ Make check payable to:	
  Kentucky State Treasurer.	  Mail to: 	Kentucky Department of Revenue, Frankfort, KY 40619-0008.

SCHEDULE A—CHARITABLE DEDUCTION (Do not complete for a simple trust \
or pooled income fund.)
Complete Schedule A only if you made additions to or subtractions from total income on page 1, lines 2 or 6 and claimed a charitable 
deduction on federal Form 1041.
 1.  Kentucky taxable income that was paid or set aside for charitable purpos\
es and was not reported on federal
  Form 1041, Schedule A, including additional capital gains. Enter here an\
d include on Schedule M, line 7	 ...	 1	
  2.  Kentucky tax-exempt income that was paid or set aside for charitable pur\
poses that was reported on
  federal Form 1041, Schedule A. Enter here and include on Schedule M, lin\
e 3	 .................................................	 2	
  1.  Adjusted total income (enter amount from page 1, line 9)	 ........................................................................\
..........	 1	
  2.  Adjusted tax-exempt interest	 ........................................................................\
..........................................................	 2	
  3.  Net gain shown on Schedule D, Form 741, column 1, line 17 (if net loss,\
 enter zero)	 .......................................	 3	
  4.  Enter amount included from federal Schedule A, line 4 	 ........................................................................\
..............	 4	
  5.  Enter net capital gains included on Kentucky Schedule A, line 1 or line \
2	 .........................................................	 5	
  6.  Enter any Kentucky gains included on page 1, line 9 as a negative figu\
re. If capital loss, enter as a
  positive figure. (Kentucky gain/loss includes federal figures plus \
Kentucky adjustments.)	 ..............................	 6	
  7. 	Distributable net income	 (combine lines 1 through 6)	 ........................................................................\
.................	 7	
  8.  If complex trust, enter accounting income for tax years as determined un\
der the governing
  instrument and applicable law	 ........................................................................\
........................................................	 8	
  9.  Amount of income required to be distributed currently	 ........................................................................\
...............	 9	
10.  Other amounts paid, credited or otherwise required to be distributed	 ..............................................................	10	
11.  Total distributions (add lines 9 and 10) (If greater than line 8, see\
 federal instructions.)	 ..................................	11	
12.  Enter the amount of tax-exempt income included on line 11	 ........................................................................\
......	12	
13.  Tentative income distribution deduction (subtract line 12 from line 11)\
	 ............................................................	13 	
14.  Tentative income distribution deduction (subtract line 2 from line 7)	 ................................................................	14 	
15. 	Income distribution deduction	 (enter the smaller of line 13 or line 14 here and on page 1, line 10)\
	 ...............	15	
SCHEDULE M (FORM 741)
Part I—Additions to Federal Adjusted Total Income
  1.  Enter interest from bonds issued by other states and their political sub\
divisions	 ............................................	 1	
  2.  Enter additions from partnerships, fiduciaries and S corporations (at\
tach schedule)	 .......................................	 2	
  3.  Other additions (attach schedule)	 ........................................................................\
...................................................	 3	
  4.  Total additions. Enter here and on page 1, line 2	 ........................................................................\
..........................	 4	
Part II—Subtractions from Federal Adjusted Total Income
  5.  Enter interest from U.S. government obligations (attach schedule)	 ...................................................................	 5	
  6.  Enter subtractions from partnerships, fiduciaries and S corporations (\
attach schedule)	 .................................	 6	
  7.  Other subtractions (attach schedule)	 ........................................................................\
.............................................	 7	
  8.  Total subtractions. Enter here and on page 1, line 6	 ........................................................................\
....................	 8	
SCHEDULE B—INCOME DISTRIBUTION DEDUCTION (See federal instructions.)\
 
ADDITIONAL INFORMATION REQUIRED
1.  Was a Kentucky fiduciary income tax return filed for 2011? 	
 Yes 	 No. If "No," state reason.	
2.  If the fiduciary has income not taxed by Kentucky, have you 	
deducted only that portion of expenses allocable to taxable 
income? 		Yes 	 No. If "Yes," attach computation.	
3.  Did the estate or trust have any passive activity loss(es)? 	
 Yes 	 No. (If "Yes," enter the loss(es) on Form 8582-K, 	
Kentucky Passive Activity Loss Limitations, to determine 
the allowable loss.)	
4.  If a federal audit changed the taxable income as originally 	
reported for any prior year, a copy of the Revenue Agent’s 
Report must be submitted to the Department of Revenue. 
Do not attach to this return.	
5. During  the  taxable  year  did  you  make  an  accumulation 	
distribution  as  defined  in  Sec.  665(b),  Internal  Revenue 
Code? 	 Yes 	 No.  If  "Yes,"  attach  federal  Schedule  J 	
(Form 1041).	
6.  If this is an amended return, check the appropriate box on 	
page 1. Explain changes below. Attach a separate page if 
necessary.	
Form 741 (2012)  Page 2	
*1200020030*