California Trust Accumulation of Charitable Amounts

Trust Accumulation of Charitable Amounts
2023 Form 541-A Trust Accumulation of Charitable Amounts
TAXABLE YEAR

2023

Trust Accumulation of
Charitable Amounts

CALIFORNIA FORM

541-A

For calendar years only.
Name of trust

FEIN

Name of trustee(s)

Additional information (see instructions)

Street address (number and street) or PO box

Apt. no./ste. no.

City

State

Foreign country name

Foreign province/state/county

ANSWER THESE QUESTIONS:
1
2
3
4

5

•

Date trust created (mm/dd/yyyy) . .
Were any of the trustees residents of California during any
portion of the taxable year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .• Yes

6

• No

Was the grantor or settlor of the trust a resident of California
during the taxable year of the trust? . . . . . . . . . . . . . . . . . . . . . . . . .• Yes • No
Name and address of grantor or settlor

7

PMB/private mailbox

ZIP code

Foreign postal code

Have you filed a tax return on Form 541 for the year
covered by this tax return? . . . . . . . . . . . . . . . . . . . . . . . . . . • Yes • No
Do any of the amounts shown on this tax return differ
from the corresponding amounts reported on federal
Form 1041-A? If “Yes,” attach a schedule explaining the
differences. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Yes • No
Are you required to file federal Form 990-T for the
unrelated business and/or lease indebtedness income? . . . . • Yes • No

Part I

Deductions

Income

Income and Deductions. See instructions for Form 541. If total income is $25,000 or less, skip line 1 through line 8 and enter total income on line 9.
1
00
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
00
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
00
Business income or (loss). Attach federal Schedule C (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital gain or (loss). Attach Schedule D (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
00
5
00
Rents, royalties, partnerships, other estates and trusts, etc. Attach federal Schedule E (Form 1040) . . . . . . . . . . . . .
6
00
Farm income or (loss). Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
Ordinary gain or (loss). Attach Schedule D-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
00
Other income. State nature of income ▶_________________________________________________ . . . . . . . . .
9
00
Total income. Add line 1 through line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
00
Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Charitable deduction. Itemize by charitable purpose; include payee’s name and address.
12
00
See instructions for Part II and Part III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
00
13 Trustee fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
00
14 Attorney, accountant, and tax return preparer fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
00
15 Other deductions. Attach schedule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part II Distributions of Income Set Aside in Prior Taxable Years for Charitable Purposes. See instructions.
16
00
16 Accumulated income set aside in prior taxable years for which a deduction was claimed under IRC Section 642(c). . . . . .
17 Income set aside in prior taxable years for which a deduction was claimed under IRC Section 642(c) and which
was distributed during the current taxable year. Itemize by charitable purpose; include payee’s name and address.
17a
00
a
17b
00
b
17c
00
c
17d
00
d
17e
00
e
18
00
18 Total. Add line 17a through line 17e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
19 Balance. Subtract line 18 from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20 Income set aside during the current taxable year for which a deduction was claimed under IRC Section 642(c)
00
(included in Part I, line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21
00
21 Carryover. Add line 19 and line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2
3
4
5
6
7
8
9
10
11
12

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7011233

Form 541-A 2023 Side 1

Part III Distributions of Principal for Charitable Purposes
22
22 Principal distributed in prior taxable years for charitable purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 Principal distributed during the current taxable year for charitable purposes. Itemize by charitable
purpose; include payee’s name and address.
23a
00
a
23b
00
b
23c
00
c
23d
00
d
23e
00
e
24
24 Total. Add line 23a through line 23e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part IV

•

00

•

00

Balance Sheets. If line 9 is $25,000 or less, complete only line 38, line 42, and line 45.
(b)

(a)

25
26
27
28
29
30
31
32
33
34
35
36
37
38

Assets
Cash — non-interest bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Savings and temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27a
b Less: allowance for doubtful accounts . . . . . . . . . . . . . . . . . . . . 27b
a Notes and loans receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28a
b Less: allowance for doubtful accounts . . . . . . . . . . . . . . . . . . . . 28b
Inventories for sale or use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Prepaid expenses and deferred charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investments — U.S. and state government obligations. Attach schedule. . . . . . . . . . . . . . . . . . .
Investments — corporate stock. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investments — corporate bonds. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a Investments — land, buildings, and equipment: basis . . . . . . . 34a
b Less: accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . 34b
Investments — other. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a Land, buildings, and equipment (trade or business): basis . . . . 36a
b Less: accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . 36b
Other assets. Describe. ▶ __________________________________________________ . . . .
Total assets. Add line 25 through line 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

39
40
41
42

Liabilities
Accounts payable and accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages and other notes payable. Attach schedule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. Describe. ▶ ___________________________________________________ .
Total liabilities. Add line 39 through line 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

43
44
45
46

Net Assets
Trust principal or corpus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Undistributed income and profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total net assets. Add line 43 and line 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total liabilities and net assets. Add line 42 and line 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sign
Here

End-of-Year Book Value

Beginning-of-Year Book Value

25
26

29
30
31
32
33

35

37
38

•

(a)
Beginning-of-Year Book Value

•

(b)
End-of-Year Book Value

39
40
41
42

43
44
45
46

•
•

(a)
Beginning-of-Year Book Value

(b)

•
•

End-of-Year Book Value

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

Signature of trustee or officer representing trustee

Date

X
Preparer’s signature

Date

X
Paid
Preparer’s Firm’s name (or yours, if self-employed) and address
Use Only

Check if selfemployed ▶ •

• PTIN
• Firm’s FEIN
Telephone

May the FTB discuss this tax return with the preparer shown above (see instructions)? . . . . . . . . . . . . . . . . . . . . . . . . .

Side 2

Form 541-A 2023

7012233

• • Yes 

• No