Alabama Fiduciary Income Tax Beneficiary Information (K-1)

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Fiduciary Income Tax Beneficiary Information (K-1)
Schedule K-1 (Form 41)SCHEDULE

K-1 2023

*23001041*

FORM 41

Reset Form
•   Final K-1      •   Amended K-1

AlAbAmA DepArtment of revenue

fiduciary Income tax beneficiary Information
Tax year beginning ____________________, 2023 and ending ____________________, 20_____
Information about the Beneficiary

Information about the Estate or Trust

BENEFICIARYʼS IDENTIFYING NUMBER

ESTATEʼS OR TRUSTʼS EMPLOYER IDENTIFICATION NUMBER

•
NAME

ESTATEʼS OR TRUSTʼS NAME

•
STREET ADDRESS

STREET ADDRESS

•
CITY

STATE

ZIP

•

•

•

WHAT TYPE OF ENTITY IS THIS BENEFICIARY

CITY

STATE

ZIP

FIDUCIARYʼS NAME

•
•  Alabama resident

•  Nonresident

Beneficiaryʼs percentage of allocated income •
Beneficiary’s Share of Current Year Alabama Income, Deductions, and Other Items
(a) Alabama
Distributable
Income

(b) Nonresident
Non-Alabama
Source Income

(c) Reportable
Alabama
Income

1

Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 •

•

•

2

Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 •

•

•

3

Capital gain or (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 •

•

•

4

Business income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 •

•

•

5a Rent, royalties, partnerships and S corporations . . . . . . . . 5a •

•

•

5b Estates and Trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b •

•

•

6

Farm income or (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 •

•

•

7

Ordinary gain or (loss) from Form 4797 . . . . . . . . . . . . . . . . 7 •

•

•

8

Other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 •

•

•

9

RESERVED FOR FUTURE USE

10

RESERVED FOR FUTURE USE

11

Alabama Exempt Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 •

Directly Apportioned Deductions/Credits
12

Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 •

13

Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 •

14

Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 •

15

Composite/Electing Pass-Through Credit.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 •

Credits from Schedule FC

Code

Maximum Allowable

16a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •

•

16b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •

•

16c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •

•

ADOR

Extracted from PDF file 2023-alabama-schedule-k-1-form-41.pdf, last modified July 2019

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More about the Alabama Schedule K-1 (Form 41) Corporate Income Tax TY 2023

We last updated the Fiduciary Income Tax Beneficiary Information (K-1) in February 2024, so this is the latest version of Schedule K-1 (Form 41), fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule K-1 (Form 41) directly from TaxFormFinder. You can print other Alabama tax forms here.

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Related Alabama Corporate Income Tax Forms:

TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alabama Schedule K-1 (Form 41).

Form Code	Form Name
Schedule K-1 (Form 20S)	Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S)
Schedule K1 (Form 65)	Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)
Schedule KRCC	Project/Distributing Entity Share Of Capital Credit Tax Credit
Schedule KRCC-B	Recipient’s Share Of Capital Credit For Business Entities, Including Trusts
Schedule KRCC-I	Recipient’s Share Of Capital Credit For Individual Taxpayers

Download all AL tax forms View all 48 Alabama Income Tax Forms

Form Sources:

Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Schedule K-1 (Form 41) from the Department of Revenue in February 2024.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Alabama Schedule K-1 (Form 41)

We have a total of three past-year versions of Schedule K-1 (Form 41) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Schedule K-1 (Form 41)

2022 Schedule K-1 (Form 41)

2021 Schedule K-1 (Form 41)

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