2007 AICPA Draft #1 Beneficiary’s Share of Income, Deductions, Schedule K-1 2007 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 or tax year beginning ________________, 2007 1 Interest Income 11 Final Year Deductions and ending ______________, ______ Beneficiary’s Share of Income, Deductions, 2a Ordinary Dividends Credits, etc. ► See Separate Instructions. 2b Qualified Dividends Part I Information About the Estate or Trust 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 C Fiduciary’s Name, Address, City, State and ZIP Code 5 Other Portfolio and Nonbusiness Income 6 Ordinary Business Income D Check if Form 1041NR-T was filed and enter the 7 Net Rental Real Estate Income date it was filed…………… 8 Other Rental Income 13 Credits and Credit Recapture E Check if this is the final Form 1041NR for the estate or trust. 9 Directly Apportioned Deductions F Tax shelter registration number, if any _______________ G Check if Form 8271 is attached Part II Information About the Beneficiary 14 Other Information H Beneficiary’s Identifying Number 10 Estate Tax Deduction I Beneficiary’s Name, Address, City, State, and ZIP Code 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 U S E 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