Report of distribution; allocation by nonresident estate or trust

Sec. 14. Allocation of Distributable Net Income Distributed to Beneficiaries. If an estate or trust must use the distribution deduction, then

such estate or trust must complete the supplemental schedule of Form IT-41 (Schedule B).

The fiduciary will allocate the distributable net income to the beneficiaries and will show the character of the distributable net income

required to be distributed.

If there is a distribution of distributable net income, the fiduciary will give the names, addresses and social security numbers of the

beneficiaries.

The fiduciary will also show the amount of income required to be distributed by reason of a trust instrument.

Nonresident trusts and estates operating businesses in Indiana will allocate and apportion their income using the 3-factor formula outlined

in IC 6-3-2-2(b).