1. 2007 AICPA Draft #1 Beneficiary’s Share of Income, Deductions,
Schedule K-1
2007
Final K-1
Amended K-1
OMB No
(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
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