Indiana Department of Revenue Form Instructions

IT-41 Schedule IN K-1 — Beneficiary's Share of Indiana AGI

Official textforms.in.gov

IT-41
2025 Schedule I N K-1 Beneficiary's Share of Indiana Adjusted Gross Income,
Deductions, Modifications, and Credits
Tax Year Beginning
Name of Trust or Estate and Ending
Federal Employer Identification Number
Nonresident Beneficiary
Amended I N K-1 Final I N K-1

# Part 1 - Identification and Distribution Information

Provide a copy of this Schedule I N K-1 reflecting the beneficiary's share of income, deductions, and credits to each beneficiary.
Enclose a copy of each Schedule I N K-1 with the Form IT-41 return when filing.
Trusts and Estates with more than 9 I N K-1s must file electronically

  1. Beneficiary's Name
  2. Beneficiary's F E I N or Social Security Number
  3. Beneficiary's City
  4. Beneficiary's Federal Pro Rata Percentage .

%

  1. Payer's Name
  2. Beneficiary's Address
  3. Beneficiary's State 6. Beneficiary's ZIP Code
  4. Indiana County of Principal Employment 2-digit code
  5. Payer's F E I N
  6. Pass Through Entity Tax____ .00
  7. Indiana State Tax Withheld_ __ .00
  8. Indiana County Tax Withheld _ __ .00

# Part 2 - Pro Rata Share of Indiana Pass-through Tax Credits from Trust or Estate

Column B
Column A
IT-41 Federal ID Number Certification if Credit is from I N K-1 Year
1.
2.
3.
4.
5.
Column C Column D
Column E
Certification/Project/PIN Tax Credit
Number Code Amount Claimed .00 .00 .00 .00 .00

Part 3 - Distributive Share Amount (use the Indiana apportioned figures for the beneficiary)

  1. Interest income_ __ 1 .00
  2. Ordinary dividends____ 2 .00
  3. Net short-term capital gains _ __ 3 .00
  4. Net long-term capital gains_ __ 4 .00
  5. Other portfolio and nonbusiness income____ 5 .00
  6. Ordinary business income____ 6 .00
  7. Net rental real estate income____ 7 .00
  8. Other rental income____ 8 .00
  9. Directly apportioned deductions____ 9 .00
  10. Final year deductions____ 10 .00
  11. Total pro rata distributions (If lines 1 through 8 are positive, add them. If lines 1 through 8 are negative, see instructions. Also see instructions for reporting lines 9 and 10.)__ 11 .00 Part 4 - State Modifications Add or subtract the following. Enter the distributive share amount of each modification for Indiana adjusted gross income. For nonresidents, apply apportioned figures. (Use a minus sign to denote negative amounts.)
  12. State income taxes deducted____ 1 .00
  13. Net bonus depreciation allowance____ 2 .00
  14. Excess I R C Section 179 deduction_ __ 3 .00
  15. Interest on U.S. obligations_ __ 4 .00
  16. Add-back/Deduction __ Code # 5 .00
  17. Add-back/Deduction __ Code # 6 .00
  18. Add-back/Deduction __ Code # 7 .00
  19. Total distributive share of modifications (see instructions) _ __ 8 .00
  20. Add Part 3, line 11, to Part 4, line 8. See instructions for reporting on Schedule PTET, Schedule Composite, and/or Schedule Composite-COR __ Adjusted Gross Income 9 .00

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