Schedule CT-1041C: Calculation of Connecticut Taxable Income for all Resident Estates and Full Year Resident Trusts (2024)
Connecticut · Connecticut DRS · Used for tax years 2024
Schedule CT-1041C calculates Connecticut taxable income for resident estates and full-year resident trusts. It uses federal taxable income, the Connecticut fiduciary adjustment, and, for certain trusts, income sources and beneficiary residency to determine the amount reported on
Who files this form
All resident estates and full-year resident trusts must complete Schedule CT-1041C, except those that meet the Quick-File Requirements. The schedule calculates Connecticut taxable income and identifies the status of nonresident beneficiaries.
Check the box that applies:
- Box 1: Resident estates or full-year resident trusts without nonresident beneficiaries. Complete Lines 4 through 6 and Line 14.
- Box 2: Resident estates or full-year resident testamentary trusts with nonresident beneficiaries, or full-year resident inter vivos trusts with nonresident beneficiaries but no nonresident, noncontingent beneficiaries. First complete and attach Schedule CT-1041FA, Parts 3 and 2. Then complete Lines 4 through 6 and Line 14.
- Box 3: Full-year resident inter vivos trusts with one or more nonresident, noncontingent beneficiaries. First complete and attach Schedule CT-1041FA, Parts 3 and 2. Then complete Lines 4 through 14.
For the Quick-File Requirements, see the Form CT-1041 instructions.
What you'll need
Have these forms and details available:
- The trust or estate’s name and Federal Employer ID Number (FEIN).
- Federal Form 1041: Line 23 supplies the federal taxable income for Line 4. Verify the federal line reference when completing the schedule.
- Schedule CT-1041B: Part 1, Line e, Column 5 supplies the fiduciary adjustment. If completing Line 11, you also need Part 2, Line 4.
- Schedule CT-1041FA, Parts 2 and 3: Complete and attach these if Box 2 or Box 3 applies.
- ESBT tax documents, if applicable: Include federal ESBT taxable income on Line 4 and attach the federal ESBT tax computation attachment. Resident estates or full-year resident trusts with nonresident beneficiaries must also complete and attach Schedule CT-1041 ESBT, if applicable.
- Form CT-1041: Attach Schedule CT-1041C to this return and enter the amount from Schedule CT-1041C, Line 14, on Form CT-1041, Line 1.
How to file
Attach Schedule CT-1041C to the back of Form CT-1041, Connecticut Income Tax Return for Trusts and Estates. Do not use staples.
Schedule CT-1041C can be filed electronically. Visit myconneCT for more information.
The supplied text does not give a mailing address.
Common mistakes
- Using federal line references without checking them: Verify the references to federal Form 1041 when completing the schedule.
- Stapling the schedule to the return: The form says not to use staples.
- Forgetting to transfer the result: The amount on Schedule CT-1041C, Line 14, must also be entered on Form CT-1041, Line 1.
Questions people ask
Do Quick-Filers need to complete this schedule?
No. The form excludes resident estates and full-year resident trusts that meet the Quick-File Requirements. See the Form CT-1041 instructions for those requirements.
Who completes Lines 7 through 14?
Full-year resident inter vivos trusts with one or more nonresident, noncontingent beneficiaries complete these lines. All others go from Line 6 to Line 14.
Can the fiduciary adjustment on Line 5 be negative?
Yes. The amount from Schedule CT-1041B, Part 1, Line e, Column 5 may be positive or negative.
How should I enter the percentage on Line 11?
Enter the decimal from Schedule CT-1041B, Part 2, Line 4, rounded to four decimal places.
Which amount goes on Line 14?
A resident inter vivos trust with one or more nonresident, noncontingent beneficiaries enters the amount from Line 13. Otherwise, enter the amount from Line 6. Also enter the Line 14 amount on Form CT-1041, Line 1.