Schedule K-1 (Form 41 Only): Fiduciary Income Tax Beneficiary Information (2025)
Alabama · Alabama DOR · Used for tax years 2025
Alabama Schedule K-1 (Form 41) reports a beneficiary’s share of an estate’s or trust’s current-year Alabama income, deductions, credits, and other items. It also identifies the beneficiary, estate or trust, and fiduciary, and shows the beneficiary’s percentage of allocated income
What you'll need
The form asks for the following information:
- Beneficiary: Identifying number, name, address, entity type, Alabama resident or nonresident status, and percentage of allocated income.
- Estate or trust: Employer identification number, name, address, and fiduciary’s name.
- Tax year: Beginning and ending dates.
- Amounts to report: The beneficiary’s share of income, deductions, and credits, including any credits from Schedule FC.
Questions people ask
What does Alabama Schedule K-1 (Form 41) report?
It reports a beneficiary’s share of current-year Alabama income, deductions, and other items from an estate or trust.
Does the form distinguish Alabama residents from nonresidents?
Yes. The beneficiary information section has separate boxes for Alabama resident and nonresident status. The income columns also distinguish Alabama distributable income, nonresident non-Alabama source income, and reportable Alabama income.
Where are deductions and credits listed?
Lines 12 through 14 list depreciation, depletion, and amortization. Line 15 is for the Composite/Electing Pass-Through Credit. Lines 16a through 16e are for credits from Schedule FC.
Can the schedule be marked as final or amended?
Yes. The form has separate boxes for “Final K-1” and “Amended K-1.”