SCHEDULE J
(Form 1041)
Department of the Treasury
Internal Revenue Service
Accumulation Distribution for Certain Complex Trusts
Attach to Form 1041.
Go to www.irs.gov/Form1041 for instructions and the latest information.
OMB No. 1545-0092
2018
Name of trust Employer identification number
Part I Accumulation Distribution in 2018
Note: See the Form 4970 instructions for certain income that minors may exclude and special rules for multiple trusts.
1 Other amounts paid, credited, or otherwise required to be distributed for 2018 (from Form 1041,
Schedule B, line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Distributable net income for 2018 (from Form 1041, Schedule B, line 7) . . . . 2
3 Income required to be distributed currently for 2018 (from Form 1041, Schedule B,
line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . 4
5 Accumulation distribution for 2018. Subtract line 4 from line 1 . . . . . . . . . . . . . 5
Part II Ordinary Income Accumulation Distribution (Enter the applicable throwback years below.)
Note: If the distribution is thrown back to more
than 5 years (starting with the earliest applicable
tax year beginning after 1968), attach additional
schedules. (If the trust was a simple trust, see
Regulations section 1.665(e)-1A(b).)
Throwback
year ending
Throwback
year ending
Throwback
year ending
Throwback
year ending
Throwback
year ending
6 Distributable net income (see
the instructions) . . . . .
6
7 Distributions (see the
instructions) . . . . . . 7
8 Subtract line 7 from line 6 . 8
9
Enter amount from page 2,
line 25 or line 31, as
applicable . . . . . . 9
10 Undistributed net income.
Subtract line 9 from line 8 . 10
11
Enter amount of prior
accumulation distributions
thrown back to any of these
years . . . . . . . . 11
12 Subtract line 11 from line 10 . 12
13
Allocate the amount on line 5
to the earliest applicable year
first. Do not allocate an
amount greater than line 12
for the same year (see the
instructions) . . . . . . 13
14
Divide line 13 by line 10 and
multiply result by amount on
line 9 . . . . . . . . 14
15 Add lines 13 and 14 . . . 15
16
Tax-exempt interest included
on line 13 (see the
instructions) . . . . . . 16
17 Subtract line 16 from line 15 . 17
For Paperwork Reduction Act Notice, see the Instructions for Form 1041.
Cat. No. 11382Z Schedule J (Form 1041) 2018
Schedule J (Form 1041) 2018
Page 2
Part III
Taxes Imposed on Undistributed Net Income (Enter the applicable throwback years below.) (See the instructions.)
Note: If more than 5 throwback years are involved, attach additional schedules. If the trust received an accumulation distribution from
another trust, see Regulations section 1.665(d)-1A.
If the trust elected the alternative tax
on capital gains (repealed for tax years
beginning after 1978), skip lines 18
through 25 and complete lines 26
through 31.
Do not complete lines 26 through 31
unless the trust elected the
alternative tax on long-term capital
gain.
Throwback
year ending
Throwback
year ending
Throwback
year ending
Throwback
year ending
Throwback
year ending
18 Regular tax . . . . . .
18
19 Trust’s share of net short-term
gain . . . . . . . . 19
20 Trust’s share of net long-term
gain . . . . . . . . 20
21 Add lines 19 and 20 . . . 21
22 Taxable income . . . . . 22
23
Enter percent. Divide line 21
by line 22, but do not enter
more than 100% . . . . 23
% % % % %
24 Multiply line 18 by the
percentage on line 23 . . . 24
25
Tax on undistributed net
income. Subtract line 24 from
line 18. Enter here and on
page 1, line 9 . . . . .
25
26 Tax on income other than
long-term capital gain . . . 26
27 Trust’s share of net short-term
gain . . . . . . . . 27
28
Trust’s share of taxable
income less section 1202
deduction . . . . . . . 28
29
Enter percent. Divide line 27
by line 28, but do not enter
more than 100% . . . . 29
% % % % %
30 Multiply line 26 by the
percentage on line 29 . . . 30
31
Tax on undistributed net
income. Subtract line 30 from
line 26. Enter here and on
page 1, line 9 . . . . . 31
Part IV Allocation to Beneficiary
Note: Be sure to complete Form 4970, Tax on Accumulation Distribution of Trusts.
Beneficiary’s name Identifying number
Beneficiary’s address (number and street including apartment number or P.O. box)
City, state, and ZIP code
(a)
This
beneficiary’s
share of
line 13
(b)
This
beneficiary’s
share of
line 14
(c)
This
beneficiary’s
share of
line 16
32
Throwback year . . . . . . . . . . . . . 32
33 Throwback year . . . . . . . . . . . . . 33
34 Throwback year . . . . . . . . . . . . . 34
35 Throwback year . . . . . . . . . . . . . 35
36 Throwback year . . . . . . . . . . . . . 36
37 Total. Add lines 32 through 36. Enter here and on the appropriate
lines of Form 4970 . . . . . . . . . . . . . . . . 37
Schedule J (Form 1041) 2018
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