Schedule G (Form 41 Only): Grantor Statement of Income, Deductions, Credits (2024)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Schedule G (Form 41) reports a grantor’s share of a trust’s income, deductions, credits, and other items. It includes columns for total income, nonresident non-Alabama source income, and reportable Alabama income.
What you'll need
Have the following information ready to complete Schedule G:
- The grantor’s name, address, SSN, entity type, and Alabama resident or nonresident status.
- The trust’s name, address, and FEIN.
- The grantor’s share of income, deductions, directly apportioned amounts, and tax-exempt income.
- Form 4797 information for ordinary gain or loss reported on line 8.
- Form 41, page 1, line 8g, for the Composite/Electing Pass-Through Entity Credit on line 22, plus the payer’s name and FEIN.
- Schedule FC information for credits reported on lines 24a through 24c.
Attach explanations for deductions reported on line 16, other deductions not subject to the 2% floor, and line 17, allowable miscellaneous itemized deductions subject to the 2% floor.
Questions people ask
What income categories does Schedule G include?
Lines 1 through 9 cover interest, dividends, capital gains or losses, business income or losses, rent, royalties, partnership and S corporation income or losses, estate and trust income or losses, farm income or losses, ordinary gain or loss from Form 4797, and other income.
How do I calculate total income and total ordinary deductions?
Line 10 is the total of income lines 1 through 9. Line 18 is the total of deduction lines 11 through 17.
Where do I report the Composite/Electing Pass-Through Entity Credit?
Report it on line 22 using the amount from Form 41, page 1, line 8g. The form also asks who paid it and for that payer’s FEIN.
Does Schedule G distinguish Alabama income from non-Alabama income?
Yes. The form has columns labeled Alabama Total Income, Nonresident Non-Alabama Source Income, and Reportable Alabama Income.