Form 541 (2025) — California Fiduciary Income Tax Return

Form 541 2025 Side 1

TAXABLE YEAR

2025 California Fiduciary Income Tax Return
FORM
For calendar year 2025 or fiscal year beginning (mm/dd/yyyy) _, and ending (mm/dd/yyyy) _

Type of entity.

Check all that apply.
(1) • Decedent's estate
(2) • Simple trust
(3) • Complex trust
(4) • Grantor trust
(5) • Bankruptcy estate

Chapter 7

(6) • Bankruptcy estate

Chapter 11

(7) • Pooled income fund
(8) • ESBT
(9) • QSST
(10) • Apportioning trust
(11) • ING trust
(12) • ING trust w/ election
(13) • Qualified disability trust
Name of estate or trust FEIN
Name and title of all fiduciaries, see instructions
Additional information (see instructions) PBA code
Street address (number and street) or PO box Apt no./suite no. PMB/private mailbox
City (If you have a foreign address, see page 9) State ZIP code
Foreign country name Foreign province/state/county Foreign postal code
A
R
RP
Check applicable boxes:
•

Initial tax return • Final tax return
REMIC • Protective claim
Amended tax return • Change in fiduciary's name or address

Complete Schedule G on Side 3 if trust has nonresident trustees and/or nonresident beneficiaries.
IncomeDeductionsTax and Payments
1 Interest income 1 00
2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 00
3 Business income or (loss). Attach federal Schedule C (Form 1040) • 3 00
4 Capital gain or (loss). Attach Schedule D (541) • 4 00
5 Rents, royalties, partnerships, other estates and trusts, etc. Attach federal Schedule E (Form 1040) • 5 00
6 Farm income or (loss). Attach federal Schedule F (Form 1040) • 6 00
7 Ordinary gain or (loss). Attach Schedule D-1 • 7 00
8 Other income. See instructions. State nature of income • 8 00
9 Total income. Add line 1 through line 8. (Apportioning fiduciaries: Complete Schedule G on Side 3) • 9 00
10 Interest 10 00
11 Taxes 11 00
12 Fiduciary fees • 12 00
13 Charitable deduction. Enter the amount from Side 2, Schedule A, line 5 • 13 00
14 Attorney, accountant, and tax return preparer fees 14 00
15 a Other deductions not subject to 2% floor. Attach Schedule.. • 15a 00 b Allowable misc. itemized deductions subject to 2% floor • 15b 00 c Total. Add line 15a and line 15b • 15c 00
16 Total. Add line 10 through line 14 and line 15c. (Apportioning fiduciaries: Complete Schedule G on Side 3) • 16 00
17 Adjusted total income (or loss). Subtract line 16 from line 9. Enter here and on Side 3, Schedule B, line 1 • 17 00
18 Income distribution deduction from Side 3, Schedule B, line 15. Attach Schedule K-1 (541) • 18 00
20 a Taxable income of fiduciary. Subtract line 18 from line 17 • 20a 00 b ESBT taxable income (S-portion only) See instructions • 20b 00
21 a Regular tax _; b Other taxes ; c QSF tax _; d Total • 21 00
22 Exemption credit. See instructions 22 00
23 Credits. Attach worksheet. Enter code • and amount • 23 00
If more than one credit, see instructions.
24 Total. Add line 22 and line 23 • 24 00
25 Subtract line 24 from line 21. If less than zero, enter -0- 25 00
26 Alternative minimum tax. Attach Schedule P (541) • 26 00
27 Behavioral Health Services Tax. See instructions • 27 00
28 Total tax. Add line 25, line 26, and line 27 • 28 00
29 California income tax withheld. See instructions • 29 00
30 California income tax previously paid. See instructions • 30 00
31 Withholding Form 592-B and/or 593. See instructions • 31 00
32 2025 CA estimated tax, amount applied from 2024 tax return, and payment with form FTB 3563 • 32 00

Side 2 Form 541 2025
Tax and Payments
33 Refundable Program 4.0 California Motion Picture and Television Production Credit. See instructions • 33 00
34 Total payments. Add line 29, line 30, line 31, line 32, and line 33 34 00
35 Use tax. See instructions • 35 00
36 Payments balance. If line 34 is more than line 35, subtract line 35 from line 34 • 36 00
37 Use tax balance. If line 35 is more than line 34, subtract line 34 from line 35 • 37 00
38 Tax Due. If line 28 is more than line 36, subtract line 36 from line 28 • 38 00
39 Overpaid tax. If line 36 is more than line 28, subtract line 28 from line 36 • 39 00
40 Amount on line 39 to be credited to 2026 estimated tax • 40 00
41 Amount of overpaid tax available this year. Subtract line 40 from line 39 • 41 00
42 Total voluntary contributions from Side 4, line 61 42 00
43 Refund or no amount due. See instructions 43 00
44 Amount due. See instructions • 44 00
45 Underpayment of estimated tax. Check the box: • FTB 5805 attached • FTB 5805F attached. See instructions. ... • 45 00
1 a Amounts paid for charitable purposes from gross income 1a 00 b Amounts permanently set aside for charitable purposes from gross income. See instructions . • 1b 00 c Total. Add line 1a and line 1b 1c 00
2 Tax-exempt income allocable to charitable contributions. See instructions 2 00
3 Subtract line 2 from line 1c 3 00
4 Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable purposes 4 00
5 Charitable deduction. Add line 3 and line 4. Enter here and on Side 1, line 13 5 00
1 a Date trust was created or, if an estate, date of decedent's death (mm/dd/yyyy) • 1a b Name of Grantor(s) of Trust (attach an additional sheet if necessary) 1b
2 a If an estate, was decedent a California resident? • Yes • No b Was decedent married at date of death? • Yes • No c If "Yes," enter surviving spouse's/RDP's social security number (or ITIN) and name:
3 If an estate, enter fair market value (FMV) of: a Decedent's assets at date of death 3a b Assets located in California 3b c Assets located outside California 3c
Note: Income of final year is taxable to beneficiaries.
4 If this is the final tax return of an estate, enter date of court order, if applicable, authorizing the final distribution 4
5 Did the estate or trust receive tax-exempt income? • Yes • No
If "Yes," attach computation of the allocation of expenses.
6 Is this tax return for a short taxable year? • Yes • No
7 Has the estate or trust included a Reportable Transaction, or Listed Transaction within this tax return? • Yes • No
If "Yes," complete and attach federal Form 8886.
8 Does this trust have a beneficial interest in a trust or is it a grantor of another trust? Attach schedule of trusts and federal IDs. • • Yes • No
9 During the year did the estate or trust defer any income from the disposition of assets? • • Yes • No
Schedule A Charitable Deduction. Do not complete for a simple trust or a pooled income fund. See instructions.
Other Information
Sign
Here
Our privacy notice can be found in annual tax booklets or online. Go to ftb.ca.gov/privacy to learn about our privacy policy statement, or go to ftb.ca.gov/forms and search for 1131 to locate FTB 1131 EN-SP , Franchise Tax Board Privacy Notice on Collection. To request this notice by mail, call 800.338.0505 and enter form code 948 when instructed.
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.
X
Date
Preparer's name
X
Date Check if selfemployed • •
PTIN
Firm's name (or yours, if self-employed) and address
•
Firm's FEIN
•
Telephone
May the FTB discuss this tax return with the preparer shown above (see instructions)? • □ Yes □ No
•
Paid
Preparer's
Use Only
Signature of trustee or officer representing fiduciary
Preparer's signature

Form 541 2025 Side 3
Schedule B Income Distribution Deduction.
Schedule G California Source Income and Deduction Apportionment. Complete line 1a through line 1f before Part II.
Part I: If a trust, enter the number of:
Part II: Income Allocation. Complete column A through column F. Enter the amounts from lines 1-9, column F, on Form 541, Side 1, lines 1-9.
1 Adjusted total income. Enter amount from Side 1, line 17 1 00
2 Adjusted tax-exempt interest and nontaxable gain from installment sale of small business stock. See instructions 2 00
3 Net gain shown on Schedule D (541), line 9, column (a). If net loss, enter -0-. See instructions 3 00
4 Enter amount from Schedule A, line 4 4 00
5 Enter capital gain included on Schedule A, line 1c 5 00
6 If the amount on Side 1, line 4 is a gain, enter the amount here as a negative number.
If the amount on Side 1, line 4 is a loss, enter the loss as a positive number 6 00
7 Distributable net income. Combine line 1 through line 6 7 00
8 Income for the taxable year determined under the governing instrument (accounting income) 8 00
9 Income required to be distributed currently (IRC Section 651) 9 00
10 Other amounts paid, credited, or otherwise required to be distributed (IRC Section 661) 10 00
11 Total distributions. Add line 9 and line 10. If the result is greater than line 8, see federal Form 1041, Schedule B, line 11 instructions to see if you must complete Schedule J (541) 11 00
12 Enter the total amount of tax-exempt income included on line 11 12 00
13 Tentative income distribution deduction. Subtract line 12 from line 11 13 00
14 Tentative income distribution deduction. Subtract line 2 from line 7 14 00
15 Income distribution deduction. Enter the smaller of line 13 or line 14 here and on Side 1, line 18 15 00
1 a California resident trustees

b Nonresident trustees • c Total number of trustees (line a plus line b) • d California resident beneficiaries • e Nonresident beneficiaries • f Total number of beneficiaries (line d plus line e) •

1 Interest • •
2 Dividends • •
3 Business income • •
4 Capital gain • •
5 Rents, royalties, etc. • •
6 Farm income • •
7 Ordinary gain • •
8 Other income • •
9 Total income • •
10 Interest
11 Taxes
12 Fiduciary fees
13 Charitable deduction
14 Attorney, accountant, and tax return preparer fees
15 a Other deduction not subject to 2% floor b Allowable misc. itemized deductions subject to 2% floor
16 Total deductions
Type of Income
(A)
California Source
Income
(B)
Non-California
Source Income
(C)
Apportioned
Income

CA Trustees X B

Total Trustees

(D)
Remaining
Non-California
Source Income
Col. B - Col. C
(E)
Apportioned
Income

CA Beneficiaries X D

Total Beneficiaries

(F)
Income
Reportable to
California
(Col. A+C+E)
Deduction Allocation. Complete column G and column H. Enter the amounts from lines 10-15b, column H, on Form 541, Side 1, lines 10-15b.
Type of Deduction
(G)
Total Deductions
(H)
Amounts Allocable To California

Side 4 Form 541 2025
Voluntary Contributions
Code Amount
Alzheimer's Disease and Related Dementia Voluntary Tax Contribution Fund 401
Rare and Endangered Species Preservation Voluntary Tax Contribution Program 403
California Breast Cancer Research Voluntary Tax Contribution Fund 405
California Firefighters' Memorial Voluntary Tax Contribution Fund 406
Emergency Food for Families Voluntary Tax Contribution Fund 407
California Peace Officer Memorial Foundation Voluntary Tax Contribution Fund 408
California Cancer Research Voluntary Tax Contribution Fund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 413
School Supplies for Homeless Children Voluntary Tax Contribution Fund 422
Protect Our Coast and Oceans Voluntary Tax Contribution Fund 424
Prevention of Animal Homelessness and Cruelty Voluntary Tax Contribution Fund 431
California Senior Citizen Advocacy Voluntary Tax Contribution Fund 438
Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund 439
Mental Health Crisis Prevention Voluntary Tax Contribution Fund 445
California ALS Research Network Voluntary Tax Contribution Fund 447
California Pediatric Cancer Research Voluntary Tax Contribution Fund . 448
Parkinson's Disease Research Voluntary Tax Contribution Fund. 449
61 Total voluntary contributions. Add codes 401 through 449. Enter the total here and on Side 2, line 42. 61
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