Form 1041 (2020) Page 2

Form 1041 (2020) Page 2

Summary: This is an example of Form 1041 (2020), page 2. The line items are completed as follows:

Under"Schedule B: Income Distribution Deduction":
"1. Adjusted total income (see instructions)" field contains 11,425
"7. Distributable net income. Combine lines 1 through 6. If zero or less, enter zero" field contains 11,425
"10. Other amounts paid, credited, or otherwise required to be distributed" field contains 2,000
"11. Total distributions. Add lines 9 and 10. If greater than line 8, see instructions" field contains 2,000
"13. Tentative income distribution deduction. Subtract line 12 from line 11" field contains 2,000
"14. Tentative income distribution deduction. Subtract line 2 from line 7. If zero or less, enter zero" field contains 11,425
"15. Income distribution deduction. Enter the smaller of line 13 or line 14 here and on page 1, line 18" field contains 2,000
Under"Schedule G: Tax Computation":
"1a. Tax: Tax on taxable income (see instructions)" field contains 1,970
"1d. Tax: Total. Add lines 1a through 1c" field contains 1,970
"3. Subtract line 2e from line 1d. If zero or less, enter 0" field contains 1,970
"7. Total tax. Add lines 3 through 6. Enter here and on page 1, line 23" field contains 1,970
Under"Other Information":
"1. Did the estate or trust receive tax-exempt income?--No" checkbox checked
"2. Did the estate or trust receive all or any part of the earnings (salary, wages, and other compensation) of any individual by reason of a contract agreement or similar arrangement?--No" checkbox checked
"3. At any time during calendar year 2015, did the estate or trust have an interest in or a signature or other authority over a bank, securities, or other financial account in a foreign country?--No" checkbox checked
"4. During the tax year, did the estate or trust receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?--No" checkbox checked
"5. Did the estate or trust receive, or pay, any qualified residence interest on seller-provided financing?--No" checkbox checked
"9. Are any present or future trust beneficiaries skip persons? See instructions.--No" checkbox checked