Alabama Fiduciary Income Tax Return

Fiduciary Income Tax Return
Form 41
FORM

41 2023

*23000141*

AlAbAmA DepArtment of revenue

fiduciary Income tax return

CY • 
FY • 
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For the calendar year 2023 or fiscal year beginning •______________________, 2023, and ending •_____________________, ___________
Type of entity (see instructions):
•  Decedent’s estate
•  Simple trust
•  Complex trust
•  Qualified disability trust
•  ESBT (S portion only)
•  Grantor type trust
•  Bankruptcy estate – Ch. 7
•  Bankruptcy estate – Ch. 11
•  Pooled income fund
•  Qualified funeral trust (QFT)

•  Address change

Federal Employer Identification Number

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Reset Form

Name of Estate or Trust

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Name and Title of Fiduciary

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Address of Fiduciary (number and street)

Suite, Floor,Etc.

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City

State

Zip Code

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•  Entity has income from more than one state

Date entity created •

•  Resident estate or trust

•  Fiduciary or name change

Number of K-1s attached •

•  Nonresident estate or trust

•   Initial Return

•   Amended Return

•   Final Return

•  Return is filed on cash basis

Number of Schedule Gs attached •

If a trust, state whether •  Revocable or •  Irrevocable

If decedent’s estate please provide Social Security Number of deceased • ________-______-________
COMPUTATION OF ALABAMA TAXABLE INCOME AND NET TAX DUE
1 Alabama Adjusted Total Income or (Loss) (Schedule C, Line 18c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Alabama Income Distribution Deduction (Schedule A, Line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Exemption (Allowed the Estate or Trust by 40-18-19, Code of Alabama 1975) . . . . . . . . . . . . . . . .
4 Total of Special Trust Deductions (Total of Lines 2 and 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Alabama Taxable Income (Line 1 less Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a. Non ESBT tax due.…• CRAT/CRUT/Tax Exempt Organization…• NOL...• QFT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Total ESBT Income (Schedule ESBT, Line 19b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a. ESBT Income tax due …• ESBT NOL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Total tax due (Sum of lines 5a plus 6a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 a. Total credits allowable (per Schedule FC, Section F, Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Alabama income tax withheld (from Form W-2 and/or Form 1099) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Overpayment from 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d. Estimated, Extension, and WNR-V payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e. Payments made with original return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
f. Current year’s Composite Payment(s)/Electing Pass-Through Entity Credit(s) (from Schedule CP-B, Section B, line 3) . . . . . . . . . . . .
g. Current year’s Composite Payment(s)/Electing Pass-Through Entity Credit(s) allocated to beneficiary . . . . . . . . . . . . . . . . . . . . . . . . . .
h. 2017 Alabama Historic Rehabilitation Tax Credit (from Schedule FC, Section G, line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
i. Railroad Modernization Act of 2019 (from Schedule FC, Section G, line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Total Credits (Total of Lines 8a through 8i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 NET TAX DUE/(REFUND) (Subtract Line 9 from sum of Line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 Reduction/Applications of Overpayment
a. Credit to 2024 estimate tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Interest (Computed on tax due only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Penalties (See instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d. Total reductions (Total of Lines 11a through 11c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 TOTAL AMOUNT DUE/(REFUND) (Total of Line 11d and Line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Please
Sign
Here

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•  I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief they
are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.





Signature of fiduciary or officer representing fiduciary

Paid
Preparer’s
Use Only

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Daytime Telephone No.
Date

Preparer’s
signature



Firm’s name (or yours,
if self-employed)
Firm’s address

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Date

Check if
self-employed

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Tel. (

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E.I. No. 

Social Security Number

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Preparer’s PTIN

ZIP Code 

A complete copy of the Federal Form 1041 must be attached for this return to be considered complete.
Returns with payments must be filed with the Alabama Department of Revenue, Income Tax Administration Division, P.O. Box 327444, Montgomery, AL 36132-7444. Returns without payments must
be filed with the Alabama Department of Revenue, Income Tax Administration Division, P.O. Box 327440, Montgomery, AL 36132-7440, on or before April 15, 2024. (Fiscal Year Returns must be filed
on or before the 15th day of the fourth month following the close of the fiscal year.)

ADOR

FORM

412 2023

*23000241*

Alabama fiduciary
Income tax return

PAGE
Name of estate or trust

Federal Employer identification number

Name and title of fiduciary

SCHEDULE A – COMPUTATION OF ALABAMA INCOME DISTRIBUTION DEDUCTION
1 Alabama Adjusted Total Income or ( Loss) (Page 1, Line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 •

2 The amount of gain from the sale of capital assets, but only if the gain was allocated to corpus and not paid, credited,
or required to be distributed to any beneficiary during the taxable year (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 •

3 Subtract the amount entered on Line 2 from the amount entered on Line 1, and enter in Line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 •

4 The amount of loss from the sale of capital assets – entered as a positive number, only if the loss was not considered
in the determination of the amount to be paid, credited, or required to be distributed to any beneficiary during taxable year . . . . . . . . . . .

4 •

5 Amount of tax exempt interest income excluded in computing Alabama taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 •

6 Other adjustments – see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 •

7 Alabama Distributable Net Income (Sum of Lines 3 through 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 •

8 If a complex trust, enter accounting income for the tax year as determined under the governing instrument and applicable local law . . .

8 •

9 Income required to be distributed currently . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 •

10 Other amounts paid, credited, or otherwise required to be distributed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 •
11 Total distributions. Add Lines 9 and 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 •
12 Enter the amount of tax-exempt income included on Line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 •
13 Tentative income distribution deduction. Subtract Line 12 from Line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 •
14 Tentative income distribution deduction. Subtract Line 5 from Line 7. If zero or less, enter -0-. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 •
15 Alabama Income Distribution Deduction. Enter the smallest of Line 13 or Line 14
on this line and on Page 1, Line 2. (Do not enter less than zero.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 •
SCHEDULE B – ALABAMA CHARITABLE DEDUCTION. Do not complete for a simple trust or a pooled income fund.
1 Amounts paid or permanently set aside for charitable purposes from gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 •

2 Alabama tax-exempt income allocable to charitable contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 •

3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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4 Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable purposes . . . . . . . . . . . . . . . . . . . . . . .

4 •

5 Alabama Charitable Deduction. Add Line 3 and Line 4. Enter total here and on Page 3, Schedule C, Line 13, Column C . . . . . . . . . . .

5 •

ADOR

FORM

413 2023

*23000341*

Alabama fiduciary
Income tax return

PAGE
Name of estate or trust

Federal Employer identification number

Name and title of fiduciary

SCHEDULE C – COMPUTATION OF ALABAMA ADJUSTED TOTAL INCOME
Column A
AS REPORTED ON
FEDERAL FORM 1041

Column B
ALABAMA
ADJUSTMENTS

Column C
ALABAMA AMOUNT

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

1 •

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2 Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 •

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3 Capital gain or (loss) (attach Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . .

3 •

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

4 •

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5a Rents, royalties, partnerships, and S Corporations (attach Schedule E) .

5a •

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5b Estates and Trusts (attach Schedule E.). . . . . . . . . . . . . . . . . . . . . . . . . . .

5b •

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

6 •

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

7 •

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

8 •

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9 Total Income/(loss) (total of Lines 1 through 8) . . . . . . . . . . . . . . . . . . . .

9 •

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10 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 •

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11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 •

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12 Fiduciary fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 •

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13 Charitable deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 •

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14 Attorney, accountant, and return preparer fees . . . . . . . . . . . . . . . . . . . . . 14 •

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15 Other deductions not subject to the 2% floor . . . . . . . . . . . . . . . . . . . . . . . 15 •

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16 Allowable miscellaneous itemized deductions subject to the 2% floor. . . 16 •

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17 Total Ordinary Deductions (total of Lines 10 through 16) . . . . . . . . . . . 17 •

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Ordinary Deductions:

18a Federal Adjusted Total Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18a •
18b Net Alabama Adjustments (Column B, Line 9 less Column B, Line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b •
18c Alabama Adjusted Total Income or (Loss) (Column C, Line 9 less Column C, Line 17). Enter here and on Page 1, Line 1. . . . . . . . . . . . 18c •
19 Alabama Tax Exempt Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 •

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ADOR

FORM

414 2023

*23000441*

Alabama fiduciary
Income tax return

PAGE
Name of estate or trust

Federal Employer identification number

Name and title of fiduciary

SCHEDULE K – SUMMARY OF K-1 INFORMATION
Column A
Alabama Distributable
Income

Column B
Nonresident Non-Alabama
Source Income

Column C
Reportable Alabama
Income

Enter on
Alabama
Schedule K-1

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

1 •

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Line 1

2 Total dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 •

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Line 2

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

3 •

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Line 3

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

4 •

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Line 4

5a Rents, royalties, partnerships, and S Corporations . . . .

5a •

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Line 5a

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

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Line 5b

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

6 •

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Line 6

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

7 •

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Line 7

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

8 •

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Line 8

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

Line 11

9 Alabama Income Distribution Deduction
(Sum of lines 1-8 Column A). . . . . . . . . . . . . . . . . . . . . . .

9 •

10 Total Nonresident Non-Alabama Source Income
(Sum of lines 1-8 Column B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 •

Directly apportioned deductions/credits:
12 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 •

Line 12

13 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 •

Line 13

14 Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14 •

Line 14

15 Composite Payment/Electing Pass-Through Entity Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 •

Line 15

16 Total Credits allocated to the Beneficiary (Attach Schedule FC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16 •

Line 16

ADOR