Form 1120-RIC (2019)
Page 2
Part I—Investment Company Taxable Income (see instructions) (continued)
Tax and Payments
26 Investment company taxable income. Subtract line 25c from line 24 . . . . . . . . . . . 26
27 Total tax. (Schedule J, line 7) . . . . . . . . . . . . . . . . . . . . . . .
27
28 2019 Net 965 Tax Liability Paid from Form 965-B, Part II, column (k), line 3 . . . . . . . . .
28
29a 2018 overpayment credited to 2019 . . . .
29a
b 2019 estimated tax payments . . . . . . 29b
c Less 2019 refund applied for on Form 4466 . . 29c ( )
dBal
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29d
e Tax deposited with Form 7004 . . . . . . . . . . . . . . . 29e
f Credit for tax paid on undistributed capital gains (attach Form 2439) . . . 29f
g Credit for federal tax paid on fuels (attach Form 4136) . . . . . . . . 29g
h Refundable credits from Form 8827, line 5c . . . . . . . . . . . 29h
i 2019 Net 965 Tax Liability from Form 965-B, Part I, column (d), line 3 . . . 29i 29j
30 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . . .
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30
31 Amount owed. If line 29j is smaller than the total of lines 27, 28, and 30, enter amount owed . . . . 31
32 Overpayment. If line 29j is larger than the total of lines 27, 28, and 30, enter amount overpaid . . . 32
33 Enter amount from line 32: Credited to 2020 estimated tax . .
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Refunded
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33
Part II—Tax on Undistributed Net Capital Gain Not Designated Under Section 852(b)(3)(D)
1 Net capital gain from Schedule D (Form 1120), line 17 (attach Schedule D (Form 1120)) . . . . . . . 1
2 Capital gain dividends from Schedule A, line 8b . . . . . . . . . . . . . . . . . . . 2
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Capital gains tax. Multiply line 3 by 21% (0.21). Enter tax here and on line 2b, Schedule J . . . . .
4
Schedule A
Deduction for Dividends Paid (Do not include exempt-interest dividends or capital gain dividends
reported on Form 2438, line 9b. See instructions.)
1
Dividends paid (other than dividends paid after the end of the tax year). Do not include
dividends deemed paid in the preceding tax year under section 852(b)(7) or 855(a), or
deficiency dividends as defined in section 860(f) . . . . . . . . . . . . .
(a) Ordinary dividends
(b) Capital gain
dividends
1
2
Dividends paid in the 12-month period following the close of the tax year that the fund
elects to treat as paid during the tax year under section 855(a) . . . . . . . .
2
3
Dividends declared in October, November, or December and deemed paid on December
31 under section 852(b)(7) . . . . . . . . . . . . . . . . . . . .
3
4 Consent dividends (section 565) (attach Forms 972 and 973) . . . . . . . . . 4
5 Deficiency dividends (section 860) (attach Form 976) . . . . . . . . . . . 5
6 Foreign tax paid deduction (section 853(b)(1)(B)), if applicable . . . . . . . . . 6
7 Credits from tax credit bonds distributed to shareholders (see instructions) . . . . 7
8 Deduction for dividends paid:
a
Ordinary dividends. Add lines 1 through 7 of column (a). Enter here and on line 25a, Part I
8a
b
Capital gain dividends. Add lines 1 through 5 of column (b). Enter here and on line 2,
Part II, above . . . . . . . . . . . . . . . . . . . . . . . .
8b
Schedule B Information Required With Respect to Income From Tax-Exempt Obligations
1 Did the fund qualify under section 852(b)(5) or 852(g) to pay exempt-interest dividends for 2019? . . .
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Yes No
If “Yes,” complete lines 2 through 5.
2 Amount of interest excludible from gross income under section 103(a) . . . . . . . . . . . .
2
3 Amounts disallowed as deductions under sections 265 and 171(a)(2) . . . . . . . . . . . . 3
4 Net income from tax-exempt obligations. Subtract line 3 from line 2 . . . . . . . . . . . . . 4
5 Amount of line 4 designated as exempt-interest dividends . . . . . . . . . . . . . . . . 5
Schedule J Tax Computation (see instructions)
1 Check if the fund is a member of a controlled group (attach Schedule O (Form 1120)) . . . . .
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2a Tax on investment company taxable income . . . . . . . . . . . . 2a
b Tax on undistributed net capital gain (from Part II, line 4) . . . . . . . .
2b
c Tax imposed under sections 851(d)(2) and 851(i) . . . . . . 2c
d Income tax. Add lines 2a through 2c . . . . . . . . . . . . . . . . . . . . . . 2d
3a Foreign tax credit (attach Form 1118) . . . . . . . . . . . . . . 3a
b Credit from Form 8834, line 7 (attach Form 8834) . . . . . . . . . . 3b
c General business credit (attach Form 3800) . . . . . . . . . . . . 3c
d Other credits (attach statement—see instructions) . . . . . . . . . . 3d
e Total credits. Add lines 3a through 3d . . . . . . . . . . . . . . . . . . . . . . 3e
4 Subtract line 3e from line 2d . . . . . . . . . . . . . . . . . . . . . . . . . 4
Form 1120-RIC (2019)