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Schedule K-1

AICPA Draft #1. 2007. Schedule K-1. Final K-1. Amended K-1. OMB No. 1545-0092. (Form 1041NR). Beneficiary’s Share of Current Year Income,. Department of the Treasury. Part III. Deductions, Credits, and Other Items. Internal Revenue Service. For calendar year 2007. 1.

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Schedule K-1

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  1. AICPA Draft #1 2007 Schedule K-1 Final K-1 Amended K-1 OMB No. 1545-0092 (Form 1041NR) Beneficiary’s Share of Current Year Income, Department of the Treasury Part III Deductions, Credits, and Other Items Internal Revenue Service For calendar year 2007 1 Final Year Deductions Interest Income 11 or tax year beginning ________________, 2007 and ending ______________, ______ 2a Ordinary Dividends Beneficiary’s Share of Income, Deductions, Credits, etc. See Separate Instructions. ► 2b Qualified Dividends Information About the Estate or Trust Part I 3 Net Short-Term Capital Gain A Estate’s or Trust’s Employer Identification Number 4a Net Long-Term Capital Gain 4b 28% Rate Gain 12 Alternative Minimum Tax Ajustment B Estate’s or Trust’s Name 4c Unrecaptured Section 1250 gain Fiduciary’s Name, Address, City, State and ZIP Code C 5Other Portfolio and Nonbusiness Income 6 Ordinary Business Income Net Rental Real Estate Income 7 Check if Form 1041NR-T was filed and enter the D date it was filed…………… 8 13 Credits and Credit Recapture Other Rental Income Check if this is the final Form 1041NR for the estate or trust. E 9 Directly Apportioned Deductions Tax shelter registration number, if any _______________ F Check if Form 8271 is attached G Information About the Beneficiary 14 Other Information Part II Estate Tax Deduction Beneficiary’s Identifying Number H 10 Beneficiary’s Name, Address, City, State, and ZIP Code I J If beneficiary is not a US citizen, US resident, or expatriate, explain why no reporting in Part III is necessary. K (a) The above tax return reporting for the beneficiary’s Form 1040NR or Form 1040, if applicable, properly reports the cash distribution he/she received in 2007 for US tax purposes. (b) The trustee authorizes a representative of the IRS or the US beneficiary to inspect and copy the trust’s permanent books of account, records, and such other documents that are necessary to establish the appropriate treatment of any such distribution or deemed distribution for US tax purposes. (This statement is not necessary if the trustee has appointed a US agent to handle these matters.) I R S USE O N L Y Supplemental Information L Domestic Beneficiary Foreign Beneficiary BAA for Paperwork Reduction Act Notice, see the instructions for Form 1041NR. Schedule K-1 (Form 1041NR) 2007

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