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IA 1041	IOWA FIDUCIARY RETURN OF INCOME	1997
63-001/CFN-625-0639
CPF-49962

			For Calendar Year 1997 or fiscal year beginning _____________________________ ,1997 and ending						_____________________________ ,19 _____

	Name of Estate or Trust							Dept. of Revenue Number			Check whether
											j Estate
TYPE											j Simple Trust
	Name, Address and Title of Fiduciary							Federal Identification Number			j Complex Trust
											j Complex Trust
OR											j Bankruptcy Estate
PRINT											If trust, check whether —
	Name of Attorney							Iowa County in which estate is			If trust, check whether —
	Name of Attorney							Iowa County in which estate is			j Testamentary
PLEASE								pending			j Testamentary
PLEASE											j Inter vivos

	Address (Number and Street)			City	State		and Zip Code	Probate Number

	Have prior returns been filed for this estate or trust?				j YES	j NO
	Is income tax certificate of acquittance requested?				j YES	j NO

		1.	Dividends (enter full amount)					1.

		2.	Interest					2.

		3.	Income from partnerships and other fiduciaries (attach supporting schedule)					3.

	INCOME	4.	Net rents and royalties					4.

		5.	Net business and farm income or loss (attach Schedules C (or C-EZ) and F, Federal Form 1040)					5.
		5.						5.

		6.	Net gain (loss) from capital assets					6.

		7.	Add gain excluded under section 641cIRC (see instructions)					7.

		8.	Ordinary gains (losses) (attach Federal Form 4797)					8.

		9.	Other Income (state nature of income)					9.

		10.	Total income (lines 1 to 9 inclusive)							10.		¶
												¶
		11.	Interest (Enter on Schedule D, page 2)					11.

		12.	Taxes (Enter on Schedule D, page 2)					12.

		13.	Fiduciary fees (Enter on Schedule D, page 2)					13.

		14.	Charitable deduction (from income in compliance with Will or Trust instrument)					14.

	DEDUCTIONS	15.	Attorney, accountant, and return preparer fees (Enter on Schedule D, page 2)					15.

		16.	Other deductions not subject to 2% floor (Enter on Schedule D, page 2)					16.
		16.						16.

		17.	Allowable miscellaneous itemized deductions (Enter on Schedule D, page 2)					17.

		18.	Total (lines 11 to 17 inclusive)							18.		¶
												¶
		19.	Balance - Subtract line 18 from line 10							19.		¶
												¶
		20.	Distributions to beneficiaries (Complete Schedule B on page 2 or attach Federal Schedule K-1)					20.

		21.	Federal estate tax attributable to income in respect of a decedent (Fiduciary’s share)					21.

		22.	Total (Add lines 20 and 21)							22.

		23.	Taxable income of fiduciary (line 19 minus line 22) Must be zero on final return							23.		¶
												¶
		Residents complete lines 24 - 33. Nonresidents complete Schedule C and enter on line 33

		24.	Compute tax from rate schedule E, page 2					24.

	RESIDENT COMPUTEDTAX	25.	Iowa lump sum tax (Attach Federal Schedule 4972)					25.

		26.	Iowa minimum tax (Attach IA 6251)					26.

		27.	Tax before credits (add lines 24 - 26)							27.

		28.	Personal exemption credit					28.	20.00
		29.	Out-of-state tax credit (attach copy of out-of-state return)					29.

		30.	Motor Fuel Tax Credit (attach Schedule IA4136)					30.

		31.	Other Credits					31.

		32.	Total Credits (add lines 28 - 31 inclusive)							32.

	DUE	33.	Tax Liability - Residents (subtract line 32 from 27) Nonresidents enter amount from line 20 Schedule C.							33.

		34.	Tax Paid with Additional Payment Voucher 63-007							34.
		34.	Tax Paid with Additional Payment Voucher 63-007							34.
	TAX
	TAX	35.	Refund - If line 34 is larger than line 33 enter difference							35.		¶
		35.	Refund - If line 34 is larger than line 33 enter difference							35.

		36.	Amount Due — It line 34 is less than line 33 enter difference			Make check payable to Treasurer - State of Iowa				36.		¶
												¶

MAIL THIS RETURN WITH PAYMENT AND COPY OF COMPLETE FEDERAL FIDUCIARY RETURN ATTACHED TO

Fiduciary Return Processing, Iowa Department of Revenue and Finance, P.O. Box 10467, Des Moines, Iowa 50306

DECLARATION

The undersigned hereby certifies and declares — That this return together with any schedules or papers attached hereto, has been duly examined; that to the best knowledge and belief of the undersigned, it is a true, correct and complete return for the taxable year as required by the income tax law of the State of Iowa and the rules and regulations issued under authority thereof.

	Signature of fiduciary or officer representing fiduciary			Date
SIGN
HERE
	Signature of preparer other than fiduciary	Address		Date
Note: State tax information may be disclosed to tax officials of another state or of the United States for tax administrative purposes.			1997

STF IA14651F.1

FIDUCIARY SCHEDULES A, B, C, D AND E

SCHEDULE A - BACKGROUND INFORMATION — ANSWER ALL APPLICABLE QUESTIONS

1.	Date estate was opened or created ___________________________________________	2.	Date of decedent’s death ____________________________________________________
3.	Decedent’s business or occupation ___________________________________________	4. Decedent’s age at death ____________________________________________________
5.	Was a decedent’s final return filed? j Yes j No	6.	Did will of decedent create trust? j Yes j No
7.	Did decedent file IOWA return(s) up to date of death? j Yes j No (If no, attach earnings statement or explanatory affidavit)

8.Enter decedent’s name, address, and Social Security Number on returns filed _________________________________________________________________________________________

_______________________________________________________________________________________________________________________________________________________

9.Name and Social Security Number of decedent’s spouse _________________________________________________________________________________________________________

10.Enter name(s) of executor(s) ________________________________________________________________________________________________________________________________

11.Enter date(s) and amount(s) of executor’s fees paid to executor(s) __________________________________________________________________________________________________

12.	Had federal audit been made on prior returns of decedent or the estate or trust? j Yes	j No	Is an audit now in the process? j Yes j No
13.	Have expenses of administration or selling expenses been deducted for federal estate tax purposes?		j Yes	j No
14.	Did you as fiduciary withhold on income distributions made to nonresident beneficiaries?	j Yes	j No
15.	Does the estate/trust elect to recognize the gain or loss on a distribution of property under section 643(d)(e)IRC?			j Yes j No

SCHEDULE B - BENEFICIARIES’ SHARES OF INCOME AND CREDITS (ATTACH ADDITIONAL PAGES AS NECESSARY)

1. Name of each beneficiary . . . . . . . . . . . . . . . . . . . . . . . .

2. Social Security Number . . . . . . . . . . . . . . . . . . . . . . . . .

3. Address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Iowa Resident (Yes/No) . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Net short-term capital gains . . . . . . . . . . . . . . . . . . . . . .

6. Net long-term capital gain (100%) . . . . . . . . . . . . . . . . .

7. Depreciation and depletion . . . . . . . . . . . . . . . . . . . . . . .

8. Ordinary income subject to Iowa Income Tax . . . . . . . . .

9. Income not subject to Iowa Income Tax . . . . . . . . . . . . .

10. Excess deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

REGARDING IOWA NONRESIDENT INCOME

11. Iowa income tax withheld, if any . . . . . . . . . . . . . . . . . . .

12. Withholding Agent’s Identification No. . . . . . . . . . . . . . .

Beneficiary “A”

Beneficiary “B”

Beneficiary “C”

TOTALS

	SCHEDULE C - COMPUTATION OF NONRESIDENT’S TAX
1.	Federal taxable income from Federal 1041
1.	Federal taxable income from Federal 1041
2.	Interest and dividends from Federal securities
3.	Balance - Subtract line 2 from line 1
4.	Deduction taken for state income tax
5.	Interest & dividends from foreign, state &
	municipal securities
6.	Gains excluded by IRC §641(c) Trusts only
7.	Exemption credit from Federal 1041
8.	Adjusted taxable income (add lines 3 through 7)
9.	Compute tax on the amount shown on
	line 8 using Schedule E
10.	Personal exemption credit	20.00

11.Tax before being prorated (Subtract line 10 from line 9)

12.Nonresident percentage - divide amount on

	line 23, page 1 by amount on line 8, Schedule C	%
13.	Multiply line 11 by percentage on line 12
14.	Iowa lump sum tax - attach Federal Schedule 4972 . . .
15.	Iowa minimum tax - attach IA 6251
16.	Balance - add lines 13, 14 and 15
17.	Motor fuel tax credit (attach IA 4136)
18.	Other credits
19.	Total credits - add lines 17 and 18
20.	Total tax liability - subtract line 19 from line 16
	Enter on line 33, page 1

SCHEDULE D - EXPLANATION OF EXPENSES

Line No.	Explanation	Amount

SCHEDULE E - TAX RATES

		(If Income Is)
	Over	But Not Over		Tax Rate			of excess over
$	0	$ 1,112	$	0.00 0 0.40%			$	0
	1,112	2,224		4.45 0		0.80%		1,112
	2,224	4,448		13.35	0	2.70%		2,224
	4,448	10,008		73.40	0	5.00%		4,448
	10,008	16,680		351.40	0	6.80%		10,008
	16,680	22,240		805.10	0	7.20%		16,680
	22,240	33,360		1,205.42	0 7.55%			22,240
	33,360	50,040		2,044.98	0 8.80%			33,360
	50,040	over		3,512.82	0 9.98%			50,040

63-001

STF IA14651F.2

Question	Answer
Form Name	Ia 1041 Form
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	9763001 iowa 1041 online 2012 form

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