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California Free Printable 2018  Schedule J (541) -  Trust Allocation of an Accumulation Distribution for 2020 California Trust Allocation of an Accumulation Distribution

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Trust Allocation of an Accumulation Distribution
2018 Schedule J (541) - Trust Allocation of an Accumulation Distribution

TAXABLE YEAR 2018 Trust Allocation of an Accumulation Distribution CALIFORNIA SCHEDULE J (541) Attach to Form 541. Name of trust FEIN - Part I  Accumulation Distribution For definitions and special rules, see the federal Treasury Regulations under Internal Revenue Code (IRC) Sections 665–668. See the instructions for federal Form 4970, Tax on Accumulation Distribution of Trusts, for certain income minors may exclude and for special rules for multiple trusts. 1 Enter amount from 2018 Form 541, Schedule B, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Enter amount from 2018 Form 541, Schedule B, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Enter amount from 2018 Form 541, Schedule B, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1 4 2018 distributable net income. Subtract line 3 from line 2. If line 3 is more than line 2, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 2018 accumulation distribution. Subtract line 4 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Part II  Ordinary Income Accumulation Distribution. Enter the applicable throwback years below. If the distribution is thrown back more than four years (starting with the earliest applicable taxable year beginning after December 31, 1968), attach additional schedules. If the trust was a simple trust, see federal Treasury Regulation Section 1.665(e) – 1A(b). 6 Distributable net income. See instructions . . . . . . . . . . . . . . . . . . 6 7 Distributions. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Undistributed net income. Subtract line 7 from line 6 . . . . . . . . . 8 9 Enter amount from Part III, line 25 . . . . . . . . . . . . . . . . . . . . . . . 9 10 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 taxable year first. Do not allocate an amount greater than the amount on line 12 for the same year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Divide line 13 by line 10 and multiply the result by line 9 . . . . . . 14 15 Add line 13 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Tax-exempt interest included on line 13. See instructions . . . . . . 16 17 Subtract line 16 from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 For Privacy Notice, get FTB 1131 ENG/SP. Throwback year ending (YYYY) Throwback year ending (YYYY) Throwback year ending (YYYY) Throwback year ending (YYYY) ___________ ___________ ___________ ___________ 7861183 Schedule J (541)  2018  Side 1 Part III  Taxes Imposed on Undistributed Net Income. Enter the applicable throwback years below. If more than four throwback years are involved, attach additional schedules. See General Instructions. If the trust received an accumulation distribution from another trust, see the federal Treasury Regulations under IRC Sections 665-668. 18 Tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Total net capital gain. See instructions . . . . . . . . . . . . . . . . . . . . . 19 20 Net capital gain distributed to beneficiaries. See instructions . . . 20 21 Net capital gain undistributed. Subtract line 20 from line 19 . . . . 21 22 Total taxable income. See instructions . . . . . . . . . . . . . . . . . . . . . 22 23 Enter percent (divide line 21 by line 22) but not more than 100% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 Multiply amount on line 18 by percent on line 23 . . . . . . . . . . . . 24 Throwback year ending (YYYY) Throwback year ending (YYYY) Throwback year ending (YYYY) Throwback year ending (YYYY) ___________ ___________ ___________ ___________ 25 Tax on undistributed net income. Subtract line 24 from line 18. Enter here and on Part II, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Part IV  Allocation to Beneficiary. See Part IV Instructions below. Complete Part IV for each beneficiary. Beneficiary’s name Beneficiary’s address (number and street, PO box, or PMB no.) Identifying number Apt. no./ste. no. City, State, and ZIP code 26 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 27 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 28 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 Throwback year ending (YYYY) ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 30 Total. Add amounts from line 26 through line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 31 Is this beneficiary a nonresident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Side 2  Schedule J (541)  2018 7862183 (a) Enter amount from Part II, line 13 allocated to this beneficiary  Yes   No (b) Enter amount from Part II, line 14 allocated to this beneficiary (c) Enter amount from Part II, line 16 allocated to this beneficiary
Extracted from PDF file 2018-california-form-541-schedule-j.pdf, last modified October 2018

More about the California Form 541 Schedule J Corporate Income Tax

We last updated the Trust Allocation of an Accumulation Distribution in January 2019, and the latest form we have available is for tax year 2018. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the California Franchise Tax Board. You can print other California tax forms here.

Related California Corporate Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 541 Schedule J.

Form Code Form Name
Form 541 Schedule K-1 Beneficiary's Share of Income, Deductions, Credits, etc.
Form 541 Schedule D Capital Gain or Loss
Form 541 Schedule P Alternative Minimum Tax and Credit Limitations - Fiduciaries

Download all CA tax forms View all 175 California Income Tax Forms


Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 541 Schedule J from the Franchise Tax Board in January 2019.

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 California Form 541 Schedule J

We have a total of eight past-year versions of Form 541 Schedule J in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 Form 541 Schedule J

2018 Schedule J (541) - Trust Allocation of an Accumulation Distribution

2017 Form 541 Schedule J

2017 Schedule J (541) - Trust Allocation of an Accumulation Distribution

2016 Form 541 Schedule J

2015 Schedule J (541) -- Trust Allocation of an Accumulation Distribution

Trust Allocation of an Accumulation Distribution 2015 Form 541 Schedule J

2015 Schedule J (541) -- Trust Allocation of an Accumulation Distribution

Trust Allocation of an Accumulation Distribution 2014 Form 541 Schedule J

2014 Schedule J (541) -- Trust Allocation of an Accumulation Distribution

Trust Allocation of an Accumulation Distribution 2013 Form 541 Schedule J

2013 Schedule J (541) -- Trust Allocation of an Accumulation Distribution

2012 Form 541 Schedule J

2012 Schedule J (541)

2011 California Schedule J (541) 2011 Form 541 Schedule J

2011 Schedule J (541) -- Trust Allocation of an Accumulation Distribution


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