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6611 SCHEDULE K-1 (Form 1041) Beneficiary s Share of Income, Deductions, Credits, etc. for the calendar year 2003, or fiscal year 0020 0030 , 2003, ending , 20 beginning Complete a separate Schedule.

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Code H. Net investment income tax. This amount is the beneficiary's adjustment for section 1411 net investment income or deductions. Enter this amount on line 7 of Form 8960, as applicable.

X = Occupational tax (civilian) Y = Pretax Flexible Spending Accounts. Z = Retirement Deductions (for Civilian Employees who are residents of the state of Massachusetts) Within your account, enter the Box 14 information under 'Other (Not Listed Here)' if none of the other descriptions apply.

The code Z for box 14 is "Other information" with an explanation on the K-1 page 2 "See the beneficiary's instructions". "Code Z. Other information. If this code is used, the fiduciary will provide you with any additional information you may need to file your return that isn't shown elsewhere on this Schedule K-1."

On the Partnership Schedule K-1 (1065), Box 20, Code Z is designated for "Other Information". The TaxAct® program has entry fields for the following items that may have been reported to you in Box 20, Code Z. If you have other information reported to you in this box, please see the information below.

additional tax on income you received from a nonqualified deferred compensation plan that fails to meet certain requirements. This income should be shown in Box 12 of Form W-2 with Code Z, or in Box 15b of Form 1099-MISC.

Line 14 A - Tax-Exempt Interest - Amounts reported in Box 14, Code A represents the taxpayer's share of tax-exempt interest. This amount will automatically pull to Form 1040, line 2b.

Line 14 Z - Other Information - Amounts reported in Box 14, Code Z represent a taxpayer's portion of other items of information not found elsewhere on the Schedule K-1 (Form 1041) Beneficiary's Share of Income, Deductions, Credits, etc.

Schedule K-1 is a tax document that you might receive if you are the beneficiary of a trust or estate. This document reports a beneficiary's share of income, deductions and credits from the trust or estate.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232