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on capital gains (repealed for tax years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