Get Mo 5802 2024-2026

The MO 5802 form is essential for calculating the federal tax deduction related to estates and trusts in Missouri. This guide will walk you through each section of the form, ensuring your online completion is accurate and efficient.

Follow the steps to successfully complete the MO 5802 form online.

1. Click ‘Get Form’ button to obtain the MO 5802 form online and open it in your preferred document management tool.
2. Enter the Federal Employer Identification Number (FEIN) in the designated field. This number is essential for identifying the estate or trust.
3. In the section labeled 'Name of Estate or Trust as Shown on Form MO-1041', provide the accurate name as listed on your original submission. Ensure that this information is correct to avoid processing issues.
4. Move to Part 1 if your estate or trust is a resident filing only Form MO-1041. Input the Federal taxable income from MO-1041, Line 1. Double-check for accuracy.
5. Continue entering data in the subsequent fields for lines related to Missouri Subtraction (Line 5) and Missouri Addition (Line 7), ensuring all figures are from the corresponding lines of Form MO-1041.
6. Calculate the Missouri adjusted gross income by subtracting Line 2 from Line 1 and adding Line 3 to your result; enter this in Line 4.
7. For Lines 5 and 6, enter the corresponding Federal income tax from Form 1041, Schedule G, in their respective areas.
8. Add Lines 5 and 6 together for the total federal income tax, which goes in Line 7.
9. In the Deductions section, determine the percentage based on your total from Line 4, entering the result in Line 8b, which should not exceed $5,000.
10. If applicable, fill out Part 2 for nonresident estates or trusts by entering the respective Missouri adjusted gross income and federal tax amounts.
11. Complete the deduction calculations in Lines 5a and 5b for nonresidents, ensuring to input the correct amounts.
12. Review the form for completeness and accuracy. Once satisfied, you can save your changes, download the form for your records, print it, or share it as needed.

Complete your MO 5802 online today to ensure your federal tax deductions are accurately calculated.