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Nebraska Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III
Extracted from PDF file 2023-nebraska-form-1041n.pdf, last modified January 2024Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III
PRINT FORM RESET FORM Nebraska Fiduciary Income Tax Return FORM 1041N 2023 for the taxable year January 1, 2023 through December 31, 2023 or other taxable year beginning , 2023 and ending , 20 PLEASE DO NOT WRITE IN THIS SPACE Name of Estate or Trust Name and Title of Fiduciary Please Type or Print Street or Other Mailing Address of Fiduciary City State ZIP Code Nebraska ID Number Federal ID Number Type of Trust (If Grantor Type, See Instructions) Status of Estate or Trust (1) Testamentary Inter Vivos Grantor Type Type of Return Resident (2) Nonresident Estate Simple Trust Complex Trust ESBT Bankruptcy Estate Amended Return Check applicable boxes: (1) Initial Nebraska Return (2) Final Return (3) Change in Address Does the estate or trust have nonresident individual beneficiaries? YES (Complete Schedule II) (4) 7004 Attached (5) Distributed Form 3800N Credit Is the trust a pooled income fund? NO YES NO 1 Total federal income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Undistributed income from U.S. government bonds or other U.S. obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Undistributed income from non-Nebraska state and local bond interest and other Nebraska adjustments increasing federal taxable income includes NE state and local income, sales and use taxes deducted under section 164 of the IRC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Special Capital Gains/Extraordinary Dividend Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Nebraska adjustments decreasing federal taxable income (attach a schedule) (see instructions) . . . . . . . . . . . 6 7 Nebraska taxable income (line 2 plus line 4) minus (lines 3, 5, and 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 00 00 00 8 Nebraska income tax (use the tax rate schedule on page 8 of instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Nebraska other tax (Federal Form 4972) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Electing Small Business Trust (ESBT) Nebraska Tax (complete ESBT Worksheet) . . . . . . . . . . . . . . . . . . . . . . 10 11 Total Nebraska tax (total of lines 8, 9, and 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 00 12 Credit for tax paid by resident estate or trust to other states (Schedule III) . . . . . . 12 13 Community Development Assistance Act credit and Financial Institution Tax credit 13 00 14 Form 3800N nonrefundable credit (attach Form 3800N). . . . . . . . . . . . . . . . . . . . . 14 00 15 Employer’s credit for expenses incurred for TANF (ADC) recipients (see instr.). . . 15 00 16 NE employer tax credit for employing convicted felons. 00 Enter certificate number from Form ETC-A ____________. . . . . . . . . . . . . . . . . . . 16 17 Total nonrefundable credits (total of lines 12 through 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Nebr. income tax after nonrefundable credits. Subtract line 17 from line 11 (if line 17 is greater than line 11, enter zero -0-) 18 19 Nebraska income tax withholding for nonresident individual beneficiaries [total of column (G), Schedule II] . . . 19 20 Total Nebraska income tax liability (line 18 plus 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Form 3800N refundable credit (attach Form 3800N). . . . . . . . . . . . . . . . . . . . . . . . 21 00 22 Tax deposited with Form 7004N and 2023 estimated income tax payments. . . . . . 22 00 23 Beginning Farmer credit (attach certificate). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 00 24 Credit for school district property taxes (attach Form PTC). . . . . . . . . . . . . . . . . . . 24 00 25 Credit for community college property taxes (attach Form PTC). . . . . . . . . . . . . . . 25 00 26 PTET credit (attach Schedules K-1N) a Name: ___________ b NE ID Number:__________ c Amount: $_____________ 26 00 27 Other credits (attach Nebraska copy of Federal Forms W-2, 1099-R, or W-2G). . . 27 00 28 Total payments (total of lines 21 through 27) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 29 TAX DUE (if line 20 is greater than line 28, subtract line 28 from line 20) . . . . . . . . . . . . . . . . . . . . . . . . . . 29 30 OVERPAYMENT (if line 28 is greater than line 20, subtract line 20 from line 28) . . . . . . . . . . . . . . . . . . . . . . . . 30 31 Overpayment on line 30 you want credited to 2024 estimated income tax . . . . . . . . . . . . . . . . . . . . . . . . . 31 32 Overpayment to be REFUNDED (line 30 minus line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 00 00 00 00 00 00 00 00 Nonresident estates and trusts must complete Nebraska Schedule I to determine line 11. Do not make entries in lines 8 through 10. sign here paid preparer’s use only 00 00 00 00 00 00 00 00 00 Under penalties of perjury, I declare that as taxpayer or preparer, I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is correct and complete. Signature of Fiduciary or Officer Representing Fiduciary Email Address Title Date ( ) Phone Number Preparer’s Signature Date Preparer’s PTIN Firm’s Name (or yours if self-employed), Address and ZIP Code EIN ( ) Daytime Phone A copy of the federal return and schedules must be attached to this return. Mail this return and payment to: Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818. 8-424-2023 Nebraska Schedule I — Computation of Nebraska Tax for Nonresident Estate or Trust Nebraska Schedule II — Nonresident Beneficiary’s Share of Nebraska Income, Deductions, and Credits FORM 1041N Schedules I, II, and III Nebraska Schedule III — Credit for Tax Paid to Another State Name on Form 1041N Nebraska ID Number 2023 Nebraska Schedule I — Computation of Nebraska Tax for Nonresident Estate or Trust 33 Nebraska taxable income (line 7, Form 1041N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 34 Nebraska income tax on line 33 amount (see line 8 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 35 Nebraska other tax (see line 9 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 36 Total Nebraska tax (line 34 plus line 35) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 37 Income derived from Nebraska sources, except capital and ordinary gain (loss) (attach schedule) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 38 Nebraska capital and ordinary gain (loss) (attach schedule) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 38 39 Adjustments, if any, applied to Nebraska income (includes Nebraska state and local income, sales and use taxes deducted under section 164 of the IRC) (see instructions) List: 39 40 Nebraska adjusted gross income (line 37 plus or minus lines 38 and 39) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 41 Nebraska share of line 36. Compute below. Calculate the ratio to five decimal places and round to four Line 40 = . x = (Line 1 + Line 4) - (Lines 3, 5, and 6) (Ratio) (Line 36) 41 42 Electing Small Business Trust (ESBT) Nebraska Tax. (from line 18 of ESBT worksheet). . . . . . . . . . . . . . . . . . 42 43 Total Nebraska tax (add lines 41 and 42 and enter result on line 11, Form 1041N). . . . . . . . . . . . . . . . . . . . . . . 43 Nebraska Schedule II — Nonresident Beneficiary’s Share of Nebraska Income, Deductions, and Credits 00 00 00 00 00 00 00 00 00 00 00 00 Note: If simple trust with out-of-state beneficiaries and only portfolio income, do not complete Schedule II. Instead check this box. Name And Address Of Each Nonresident Beneficiary State Zip Code Name Street or Other Mailing Address City 1 2 3 4 (A) Social Security Number or Nebraska ID Number of Nonresident Beneficiary (B) Nebraska Income (see instructions) (D) Check if Form 12N Attached (C) Nebraska Deductions Computation of Nebraska Tax Withheld (G) Nebraska Income (F) Tax Withholding Rate [Col. (E) times Col. (F)] (Enter on Nebr. Sch. K-1N) (E) Nebraska Source Income Subject to Withholding [Column (B) minus Column (C)] 1 00 00 00 .0664 00 2 00 00 00 .0664 00 3 00 00 00 .0664 00 4 5 TOTALS [enter total of column (G) on line 18, Form 1041N] 00 00 00 .0664 00 00 00 00 00 Nebraska Schedule III — Credit for Tax Paid to Another State for Resident Estate or Trust Only A copy of the return filed with another state must be attached. If the other state return is not attached, this credit will not be allowed. 1 Nebraska tax (line 11, Form 1041N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 00 2 Taxable income from another state . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Computed tax credit Line 2, Schedule III x Line 1, Schedule III Line 7, Form 1041N 3 00 4 Tax due and paid to another state (attachment required) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 00 5 Maximum tax credit (line 1, 3, or 4, whichever is least). Enter amount here and on line 12, Form 1041N . . . . . . 5 revenue.nebraska.gov, 800-742-7474 (NE and IA), 402-471-5729 00 00
Form 1041N
More about the Nebraska Form 1041N Corporate Income Tax Tax Return TY 2023
We last updated the Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III in February 2024, so this is the latest version of Form 1041N, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1041N directly from TaxFormFinder. You can print other Nebraska tax forms here.
Related Nebraska Corporate Income Tax Forms:
TaxFormFinder has an additional 34 Nebraska income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Nebraska Form 1041N.
| Form Code | Form Name |
|---|---|
| Form 1041N-K-1N | Beneficiary's Share of Income, Deductions, Modifications, and Credits |
| Form 1041N-ES | Nebraska Fiduciary Estimated Income Tax Payment Voucher |
| Form 1041N -Wkst | Electing Small Business Trust Tax Calculation Worksheet |
View all 35 Nebraska Income Tax Forms
Form Sources:
Nebraska usually releases forms for the current tax year between January and April. We last updated Nebraska Form 1041N from the Department of Revenue in February 2024.
Form 1041N is a Nebraska 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 Nebraska Form 1041N
We have a total of ten past-year versions of Form 1041N in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form 1041N
Form 1041N
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