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Alabama Fiduciary Income Tax Beneficiary Information (K-1)
Extracted from PDF file 2023-alabama-schedule-k-1-form-41.pdf, last modified July 2019Fiduciary Income Tax Beneficiary Information (K-1)
SCHEDULE K-1 2023 *23001041* FORM 41 Reset Form • Final K-1 • Amended K-1 AlAbAmA DepArtment of revenue fiduciary Income tax beneficiary Information Tax year beginning ____________________, 2023 and ending ____________________, 20_____ Information about the Beneficiary Information about the Estate or Trust BENEFICIARYʼS IDENTIFYING NUMBER ESTATEʼS OR TRUSTʼS EMPLOYER IDENTIFICATION NUMBER • NAME ESTATEʼS OR TRUSTʼS NAME • STREET ADDRESS STREET ADDRESS • CITY STATE ZIP • • • WHAT TYPE OF ENTITY IS THIS BENEFICIARY CITY STATE ZIP FIDUCIARYʼS NAME • • Alabama resident • Nonresident Beneficiaryʼs percentage of allocated income • Beneficiary’s Share of Current Year Alabama Income, Deductions, and Other Items (a) Alabama Distributable Income (b) Nonresident Non-Alabama Source Income (c) Reportable Alabama Income 1 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 • • • 2 Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 • • • 3 Capital gain or (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 • • • 4 Business income or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 • • • 5a Rent, royalties, partnerships and S corporations . . . . . . . . 5a • • • 5b Estates and Trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b • • • 6 Farm income or (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 • • • 7 Ordinary gain or (loss) from Form 4797 . . . . . . . . . . . . . . . . 7 • • • 8 Other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 • • • 9 RESERVED FOR FUTURE USE 10 RESERVED FOR FUTURE USE 11 Alabama Exempt Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 • Directly Apportioned Deductions/Credits 12 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 • 13 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 • 14 Amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 • 15 Composite/Electing Pass-Through Credit.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 • Credits from Schedule FC Code Maximum Allowable 16a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • 16b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • 16c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • • ADOR
Schedule K-1 (Form 41)
More about the Alabama Schedule K-1 (Form 41) Corporate Income Tax TY 2023
We last updated the Fiduciary Income Tax Beneficiary Information (K-1) in February 2024, so this is the latest version of Schedule K-1 (Form 41), fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule K-1 (Form 41) directly from TaxFormFinder. You can print other Alabama tax forms here.
Related Alabama Corporate Income Tax Forms:
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 Schedule K-1 (Form 41).
| Form Code | Form Name |
|---|---|
| Schedule K-1 (Form 20S) | Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S) |
| Schedule K1 (Form 65) | Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1) |
| Schedule KRCC | Project/Distributing Entity Share Of Capital Credit |
| Schedule KRCC-I | Recipient’s Share Of Capital Credit For Individual Taxpayers |
| Schedule KRCC-B | Recipient’s Share Of Capital Credit For Business Entities, Including Trusts |
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 Schedule K-1 (Form 41) from the Department of Revenue in February 2024.
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 Schedule K-1 (Form 41)
We have a total of three past-year versions of Schedule K-1 (Form 41) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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