Maine Fiduciary Income Tax Return for Resident and Nonresident Estates and Trusts

Fiduciary Income Tax Return for Resident and Nonresident Estates and Trusts
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Form 1041ME - Income Tax Return

2024

99

For Resident and Nonresident Estates and Trusts
For calendar year 2024 or tax year beginning in 2024

*2409100*

Tax period

2024

(mm dd yyyy)

to

Amended Return

Estate/Trust/QFT EIN (do not enter / or -)

Name of Estate or Trust (as it appears on federal Form SS-4)

Name and Title of Fiduciary or Trustee

Address of Fiduciary (number and street)

City

State

Type of entity
(check one box):

Simple Trust
Check the boxes that apply:

ZIP Code

Decedent’s estate
(enter decedent’s SSN)

Qualified Funeral
Trust (QFT)

Complex Trust

ESBT (S Portion Only)

Resident estate or trust

Qualified
Disability Trust

Pooled Income

Nonresident estate or trust

Initial return

Bankruptcy estate
(Chapter 7)
Bankruptcy estate
(Chapter 11)
Final return

1. Federal taxable income. (Nonresident estates and trusts, skip to line 3.) ...............................................1.

.00

2. Fiduciary Adjustment: Resident estates and trusts only. (See instructions.) ......................................2.

.00

3. Maine taxable income. (Resident estate or trust - line 1 plus or minus line 2.
Nonresident estate or trust - Schedule NR, line 9, column B.) ...................................................................3.

.00

4. Maine income tax. (From tax table on page 3 of instructions.) .................................................................4.

.00

5. Adjustments to tax. (From Schedule A, line 21.) .....................................................................................5.

.00

6. Adjusted Maine income tax. (Line 4 plus or minus line 5.) ......................................................................6.

.00

7. Tax payments: a. Maine income tax withheld. (Attach Form W-2, W-2G, 1099-R or 1099ME) ..........7a.

.00

b. 2024 estimated tax payments and 2023 credit carried forward and
extension payments. (Include any real estate withholding tax payments.) ..........7b.

.00

c. Refundable tax credits. (From Schedule A, line 6.) .................................................7c.

.00

d. Total payments. (Add lines 7a, 7b and 7c.) ..............................................................7d.

.00

8. If this is an amended return, enter overpayment, if any, on original return or as previously adjusted ........8.

.00

9. Line 7d minus line 8. (If negative, enter a minus sign in the box to the left of the number.) (See
instructions.) ...............................................................................................................................................9.

.00

10. a. If line 6 is greater than line 9, enter TAX BALANCE DUE. (Line 6 minus line 9.) (See instructions.) ....10a.

.00

b. Enter PENALTY for underpayment of estimated tax (attach Form 2210ME.)
Check here if you checked the box on Form 2210ME, line 17. .......................

..................10b.

.00

c. TOTAL AMOUNT DUE. (Add lines 10a and 10b.) Make checks payable to Treasurer, State of Maine. ... 10c.

.00

Continue on Form 1041ME, page 2

Form 1041ME, page 2 - Enclose with your Form 1041ME

99

ESTATE/ TRUST EIN

*2409101*
11. If line 9 is greater than line 6, enter OVERPAYMENT. (Line 9 minus line 6.) .......................................... 11.

.00

12. Overpayment to be CREDITED
to next year’s estimated tax......... 12a.

.00

.00

REFUNDED..................12b.

REFUND DEPOSITED DIRECTLY TO YOUR CHECKING ACCOUNT ($20,000 or less). SEE INSTRUCTIONS.
Check this box if this
refund will go to an
account outside the
United States. .............

12c. Routing Number
12d. Checking Account Number

Do you want to allow another person to discuss this return with Maine Revenue Services?
Third
Party
Designee
Designee’s name:
Phone no.: (
)

Yes (complete the following).

No.

Personal Identification number:

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 estate or trust

Date signed

Signature of preparer other than fiduciary

Date signed

Print preparer’s name

Preparer’s phone number

Date estate or trust created

Preparer’s SSN or PTIN

If payment is enclosed, mail to: Maine Revenue Services, P.O. Box 1065, Augusta, ME 04332-1065. DO NOT SEND CASH.
If payment is not enclosed, mail to: Maine Revenue Services, P.O. Box 1064, Augusta, ME 04332-1064

Continue on Form 1041ME, page 3

Form 1041ME, page 3 - If applicable, enclose with your Form 1041ME

99

ESTATE/ TRUST EIN

SCHEDULE 1 - Fiduciary Adjustment
(Enter combined amounts for both the beneficiaries and the estate or trust.)

*2409103*

1. ADDITIONS — Income exempt from federal income tax, but taxable by Maine:
a. Income from municipal and state bonds, other than Maine. .................................................................................. 1a.

.00

b. Net operating loss adjustment. (Attach schedule.) ................................................................................................. 1b.

.00

c. Income taxes imposed by Maine or other states. ....................................................................................................1c.

.00

d. Qualified business income deduction add-back. (See instructions.) ...................................................................... 1d.

.00

e. Bonus depreciation add-back. (See instructions.) .................................................................................................. 1e.

.00

f. Maine capital investment credit bonus depreciation add-back. (See instructions.) ................................................. 1f.

.00

g. Certain gains on installment sales of real or tangible property - nonresident estates or trusts only.
(See instructions.) .................................................................................................................................................. 1g.

.00

h. Other. (See instructions.) (Attach worksheet(s).).................................................................................................... 1h.

.00

i. Total Additions. (Add lines 1a through 1h.) ..............................................................................................................1i.

.00

2. SUBTRACTIONS — Income exempt from Maine income tax, but taxable by federal law:
a. U.S. Government Bond interest included in federal taxable income. .................................................................... 2a.

.00

b. Maine Public Employees Retirement System pick-up contributions paid during 2024 which have
been previously taxed by the state. (See instructions.) .......................................................................................... 2b.

.00

c. Bonus depreciation and section 179 recapture. (See instructions.) ........................................................................2c.

.00

d. Medical cannabis business expenses. (See instructions.) .................................................................................... 2d.

.00

Enter your registration number or sales tax number. _________________________
e. Adult use cannabis business expenses. (See instructions.) ................................................................................. 2e.

.00

Enter your registration number or sales tax number. _________________________
f. Contributions to Qualified Tuition Programs - 529 Plans. (Limited to $1,000 per
beneficiary. See instructions.) ................................................................................................................................. 2f.

.00

g. Net operating loss recapture. (See instructions.) ................................................................................................... 2g.

.00

h. Other. (See instructions.) (Attach worksheet(s).) ................................................................................................... 2h.

.00

i. Total Subtractions. (Add lines 2a through 2h.) .........................................................................................................2i.

.00

3. Net Fiduciary Adjustment. (Subtract line 2i from line 1i — see instructions [may be a negative amount].) .............. 3.

.00

All estates or trusts: Multiply line 3 by Schedule 2, line f, column 3.
Resident estates or trusts: Enter on page 1, line 2. Nonresident estates or trusts: Enter on Schedule NR, line 7, column A.

Continue on Form 1041ME, page 4

Form 1041ME, page 4 - Enclose with your Form 1041ME
ESTATE/ TRUST EIN

1. Name
B = beneficiary
E/T = estate or trust

SCHEDULE 2 - Allocation of
Federal Income and Maine-source Income
2. Share of income
(copy from federal return)

3. Percent

4. State of
domicile

99
*2409108*

5. Social security
number/EIN of
beneficiaries

6. Maine-source income allocated
to nonresident & safe
harbor resident beneficiaries

(a) B-

$

%

$

(b) B-

$

%

$

(c) B-

$

%

$

(d) B-

$

%

$

(e) B-

$

%

$

(f) E/T-

$

%

(g) Total

$

100%

$

Line g, Column 6: If required to complete Schedule NR, enter the amount from Schedule NR, line 4, column B. Complete column 6 for nonresident
and safe harbor resident beneficiaries based on the amount entered on line g, column 6, and also based on the percentages in column 3.