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Alabama Fiduciary Income Tax Return
Extracted from PDF file 2023-alabama-form-41.pdf, last modified August 2019Fiduciary Income Tax Return
FORM 41 2023 *23000141* AlAbAmA DepArtment of revenue fiduciary Income tax return CY • FY • SY • 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 • Reset Form Name of Estate or Trust • Name and Title of Fiduciary • Address of Fiduciary (number and street) Suite, Floor,Etc. • • City State Zip Code • • • • 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 • • • • • • • • • • • • • • • •( • • • • 11a 11b 11c 11d 12 • • • • • ) • 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 1 2 3 4 5 5a 6 6a 7 8a 8b 8c 8d 8e 8f 8g 8h 8i 9 10 ( Daytime Telephone No. Date Preparer’s signature Firm’s name (or yours, if self-employed) Firm’s address ) Date Check if self-employed • Tel. ( ) E.I. No. Social Security Number • 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 • 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 • • • 2 Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 • • • 3 Capital gain or (loss) (attach Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . 3 • • • 4 Business income or (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 • • • 5a Rents, royalties, partnerships, and S Corporations (attach Schedule E) . 5a • • • 5b Estates and Trusts (attach Schedule E.). . . . . . . . . . . . . . . . . . . . . . . . . . . 5b • • • 6 Farm income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 • • • 7 Ordinary gain or (loss) from Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 • • • 8 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 • • • 9 Total Income/(loss) (total of Lines 1 through 8) . . . . . . . . . . . . . . . . . . . . 9 • • • 10 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 • • • 11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 • • • 12 Fiduciary fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 • • • 13 Charitable deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 • • • 14 Attorney, accountant, and return preparer fees . . . . . . . . . . . . . . . . . . . . . 14 • • • 15 Other deductions not subject to the 2% floor . . . . . . . . . . . . . . . . . . . . . . . 15 • • • 16 Allowable miscellaneous itemized deductions subject to the 2% floor. . . 16 • • • 17 Total Ordinary Deductions (total of Lines 10 through 16) . . . . . . . . . . . 17 • • • 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 • • • 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 • • • Line 1 2 Total dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 • • • Line 2 3 Capital gain or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 • • • Line 3 4 Business income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . 4 • • • Line 4 5a Rents, royalties, partnerships, and S Corporations . . . . 5a • • • Line 5a 5b Estates and Trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b • • • Line 5b 6 Farm income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 • • • Line 6 7 Ordinary gain or (loss) from Form 4797. . . . . . . . . . . . . . 7 • • • Line 7 8 Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 • • • 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
Form 41
More about the Alabama Form 41 Corporate Income Tax Tax Return TY 2023
We last updated the Fiduciary Income Tax Return in January 2024, so this is the latest version of Form 41, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 41 directly from TaxFormFinder. You can print other Alabama tax forms here.
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TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alabama Form 41.
| Form Code | Form Name |
|---|---|
| Form MVT 41-1 | Application for Salvage Certificate of Title |
| Schedule K-1 (Form 41) | Fiduciary Income Tax Beneficiary Information (K-1) |
View all 48 Alabama Income Tax Forms
Form Sources:
Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Form 41 from the Department of Revenue in January 2024.
Form 41 is an Alabama Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 Alabama Form 41
We have a total of thirteen past-year versions of Form 41 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2011 Form 41
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