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California Free Printable 2019 California Schedule K-1 541 Beneficiary’s Share of Income, Deductions, Credits, etc. for 2020 California Beneficiary's Share of Income, Deductions, Credits, etc.

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Beneficiary's Share of Income, Deductions, Credits, etc.
2019 California Schedule K-1 541 Beneficiary’s Share of Income, Deductions, Credits, etc.

TAXABLE YEAR 2019 Beneficiary’s Share of Income, Deductions, Credits, etc. For calendar year 2019 or fiscal year beginning (mm/dd/yyyy) Fiduciaries: Complete a separate Schedule K-1 (541) for each beneficiary. Beneficiaries: Refer to the instructions for Schedule K-1 (541). Name of estate or trust CALIFORNIA SCHEDULE K-1 (541) , and ending (mm/dd/yyyy) . Beneficiary’s SSN/ITIN, California corporation no., California SOS file no., or FEIN Estate's or trust's FEIN Beneficiary’s name, address (number and street, suite, Apt., PO box, or PMB no.), City, State, and ZIP code Fiduciary’s name, address (number and street, suite, Apt., PO box, or PMB no.), City, State, and ZIP code. If there is more than one fiduciary or trustee, list all of the fiduciaries or trustees’ names, addresses, and indicate if fiduciary is a nonresident. If more space is needed, add an attachment. Include the estate’s or trust’s FEIN at the top of each separate attachment. A B C D E • Beneficiary’s percentage of distribution at year end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   . % Check here if this is: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  (1) A final Schedule K-1 (541)   (2) An amended Schedule K-1 (541) What type of entity is this beneficiary?. . . .  (1) Individual  (2) Estate/Trust  (3) Qualified Exempt Organization  (4) Other Is this beneficiary a resident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   Yes  ▶ No Is the fiduciary a resident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   Yes  ▶ No • □ □ (a) Allocable share item (b) Amount from federal Schedule K-1 (Form 1041)   □ (c) California Adjustments □ □ (d) Total amounts using California law Combine col . (b) and col . (c) • • • • • •□ •□ • • • • • Final year deduction Alternative minimum tax adjustment Credits Other Information □ □ (e) California source amounts and credits   1 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3 Net capital gain or (loss) . . . . . . . . . . . . . . . . . . . . . . . .  5 Other portfolio and nonbusiness income . . . . . . . . . . . .  6 Ordinary business income . . . . . . . . . . . . . . . . . . . . . . .  7 Net rental real estate income . . . . . . . . . . . . . . . . . . . . .  8 Other rental income . . . . . . . . . . . . . . . . . . . . . . . . . . . .   9 a Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Directly apportioned deduction Income (Loss) • □ 11 a Excess deduction on termination (Attach computation) . . . . . . . . . . . . . . . . . . . . . . . . . b Capital loss carryover . . . . . . . . . . . . . . . . . . . . . . . . c Net operating loss (NOL) carryover for regular tax purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d NOL carryover for alternative minimum tax purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 a Adjustment for alternative minimum tax purposes . . b Accelerated depreciation . . . . . . . . . . . . . . . . . . . . . . c Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e Exclusion items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 a Trust payments of estimated tax credited to beneficiary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Total withholding (equals amount on Form 592-B, if calendar year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c Taxes paid to other states. Attach Schedule S . . . . . . d Other credits. Attach schedule . . . . . . . . . . . . . . . . . . 14 a Tax-exempt interest . . . . . . . . . . . . . . . . . . . . . . . . . . b Net investment income . . . . . . . . . . . . . . . . . . . . . . . c Gross farm and fishing income . . . . . . . . . . . . . . . . . d Other information ___________________________ For Privacy Notice, get FTB 1131 ENG/SP. 7881193 Schedule K-1 (541)  2019
Extracted from PDF file 2019-california-form-541-schedule-k-1.pdf, last modified October 2019

More about the California Form 541 Schedule K-1 Corporate Income Tax Tax Credit TY 2019

This form requires that you fill out a separate form if you have multiple fiduciaries. If you have multiple beneficiaries, you should refer to the instructions for Schedule K-1 before filling out the required information.

We last updated the Beneficiary's Share of Income, Deductions, Credits, etc. in March 2020, so this is the latest version of Form 541 Schedule K-1, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 541 Schedule K-1 directly from TaxFormFinder. 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 K-1.

Form Code Form Name
Form 541 Schedule D Capital Gain or Loss
Form 541 Schedule P Alternative Minimum Tax and Credit Limitations - Fiduciaries
Form 541 Schedule J Trust Allocation of an Accumulation Distribution

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 K-1 from the Franchise Tax Board in March 2020.

Show Sources >

Form 541 Schedule K-1 is a California Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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 K-1

We have a total of nine past-year versions of Form 541 Schedule K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 541 Schedule K-1

2019 California Schedule K-1 541 Beneficiary’s Share of Income, Deductions, Credits, etc.

2018 Form 541 Schedule K-1

2018 Schedule K-1 (541) - Beneficiary’s Share of Income, Deductions, Credits, etc.

2017 Form 541 Schedule K-1

2017 California Schedule K-1 (541) - Beneficiary’s Share of Income, Deductions, Credits, etc.

2016 Form 541 Schedule K-1

2016 California Schedule K-1 541 Beneficiary’s Share of Income; Deductions, Crecdits, etc

Beneficiary's Share of Income, Deductions, Credits, etc. 2015 Form 541 Schedule K-1

2015 Schedule K-1 (541) -- Beneficiary's Share of Income, Deductions, Credits, etc.

Beneficiary's Share of Income, Deductions, Credits, etc. 2014 Form 541 Schedule K-1

2014 Schedule K-1 (541) -- Beneficiary's Share of Income, Deductions, Credits, etc.

Beneficiary's Share of Income, Deductions, Credits, etc. 2013 Form 541 Schedule K-1

2013 Schedule K-1 (541) -- Beneficiary's Share of Income, Deductions, Credits, etc.

2012 Form 541 Schedule K-1

2012 Schedule K-1 (541) -- Beneficiary's Share of Income, Deductions, Credits, etc.

2011 California Schedule K-1 (541) 2011 Form 541 Schedule K-1

2011 Schedule K-1 (541) -- Beneficiary's Share of Income, Deductions, Credits, etc.


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