Form 3520, Page 5Summary: This is an example of page 5 of a current year Form 3520 showing the placement of the edited characters which will be transcribed. A {T} identifies the position of the edited character The page begins with: Part III Distributions to a U.S. Person From a Foreign Trust During the Current Tax Year (Continued).Line 29, Did you receive a Foreign Grantor Trust Beneficiary Statement from the foreign trust with respect to a distribution? checkbox Yes, checkbox No, checkbox N/A. {T}If Yes, attach the statement and do not complete the remainder of Part III with respect to that distribution.If No, complete Schedule A with respect to that distribution. Also, complete Schedule C if you enter an amount greater than zero on line 37.Line 30, Did you receive a Foreign Nongrantor Trust Beneficiary Statement from the foreign trust with respect to a distribution? checkbox Yes, checkbox No, checkbox N/A. {T}If Yes, attach the statement and complete either Schedule A or Schedule B below (see instructions). Also, complete Schedule C if you enter an amount greater than zero on line 37 or line 41a.If No, complete Schedule A with respect to that distribution. Also, complete Schedule C if you enter an amount greater than zero on line 37.Under Schedule A - Default Calculation of Trust Distributions (see page 7 of instructions):Line 31, Enter amount from line 27: field contains {T}.Line 32, Number of years the trust has been a foreign trust: field contains {T}.Line 33, Enter total distributions received from the foreign trust during the 3 preceding tax years (or during the number of years the trust has been a foreign trust, if fewer than 3): field contains {T}.Line 34, Multiply line 33 by 1.25.Line 35, Average distribution. Divide line 34 by 3 (or the number of years the trust has been a foreign trust, if fewer than 3) and enter the result: field contains {T}.Line 36, Amount treated as ordinary income earned in the current year. Enter the smaller of line 31 or line 35.Line 37, Amount treated as accumulation distribution. Subtract line 36 from line 31. If 0, do not complete the rest of Part III: field contains {T}.Line 38, Applicable number of years of trust. Divide line 32 by 2 and enter the result here: field contains {T}.Under Schedule B - Actual Calculation of Trust Distributions (see of instructions): field contains {T}Line 39, Enter amount form line 27: field contains {T}.Line 40a, Amount treated as ordinary income in the current tax year: field contains {T}.Line 40b, Qualified dividends: field contains {T}.Line 41a, Amount treated as accumulation distribution. If -0-, do not complete Schedule C, Part III: field contains {T}.Line 41b, Amount of line 41a that is tax-exempt: field contains {T}.Line 42a, Amount treated as net short-term capital gain in the current tax year: field contains {T}.Line 42b, Amount treated as net long-term capital gain in the current tax year: field contains {T}.Line 42c, 28% rate gain: field contains {T}.Line 42d, Unrecaptured section 1250 gain: field contains {T}.Line 43, Amount treated as distribution from trust corpus: field contains {T}.Line 44, Enter any other distributed amount received from the foreign trust not included on lines 40a, 41a, 42a, 42b, and 43 (attach explanation): field contains {T}.Line 45, Amount of foreign trust’s aggregate undistributed net income: field contains {T}.Line 46, Amount of foreign trust’s weighted undistributed net income: field contains {T}.Line 47, Applicable number of years of trust. Divide line 46 by line 45 and enter here: field contains {T}.Under Schedule C - Calculation of Interest Charge (see instructions):Line 48, Enter accumulation distribution from line 37 or 41a, as applicable: field contains {T}.Line 49, Enter tax on total accumulation distribution from line 28 of Form 4970 (attach Form 4970 - see instructions): field contains {T}.Line 50, Enter applicable number of years of foreign trust from line 38 or 47, as applicable (round to nearest half-year): field contains {T}.Line 51, Combined interest rate imposed on the total accumulation distribution (see instructions): field contains {T}.Line 52, Interest charge. Multiply the amount on line 49 by the combined interest rate on line 51: field contains {T}.Line 53, Tax attributable to accumulation distributions. Add lines 49 and 52. Enter here and as additional tax on your income tax return: field contains {T}.