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Printable Form 1041 (Schedule K-1) Vallejo California: What You Should Know

Itemized Deduction Allowances Line 34 — Enter the beneficiary's share of Charitable Contributions Line 35 — Enter the recipient for a Part II deduction (see above) in Line 37 Line 38—Enter the beneficiary's share for a Part III deduction (see above) in Line 40 Line 49—Enter the beneficiary's share for a Part I deduction (see above) in Line 51 Part II of Form 1041, Schedule K-1 — Beneficiary's Share of Income, Deductions and Credits (Form 1041, line 32) Part III of Form 1041, Schedule K-1 — Beneficiary's Share of Income, Deductions and Credits (Form 1041, line 39) Part IV of Form 1043, 1040-C, 1040A, 1040EZ or 1040, Line 11 Schedule K-1-T (1), Line 12 — Enter amount on line 13 on line 54. Line 26–34: Do not complete this line. Line 35: Enter the beneficiary's share of Social Security taxes. Line 46–52 on line 53: Do not complete this line.

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