TC-41-K1: Beneficiary's Share of Income, Deductions and Credits (2024)
Utah · Utah Tax Commission · Used for tax years 2024
Utah Form TC-41K-1 reports a beneficiary’s share of an estate or trust’s Utah income, deductions and credits for 2024. It also records Utah tax withheld on behalf of the beneficiary.
What you'll need
The form asks for the following information:
- The estate or trust’s name and EIN or SSN.
- The fiduciary’s name and mailing address.
- The beneficiary’s name, mailing address, EIN or SSN, and phone number.
- The percentage of Utah income distributed to the beneficiary.
- The beneficiary’s share of Utah income, deductions, and other Utah information.
- The names, codes, and amounts of Utah nonrefundable and refundable credits distributed to the beneficiary.
- Utah tax withheld on behalf of the beneficiary and whether a withholding waiver was applied for.
The dependent-beneficiary field also refers to a “Statement of Dependent Beneficiary Income” on file with the trustee.
Questions people ask
What does the 2024 TC-41K-1 report?
It reports a beneficiary’s share of Utah income, deductions, and credits from an estate or trust, along with Utah tax withheld on the beneficiary’s behalf.
Where do I enter the percentage of Utah income distributed to the beneficiary?
Enter that percentage in field G.
Where are credits distributed to the beneficiary listed?
Line 13 lists Utah nonrefundable credits, and line 14 lists Utah refundable credits. Each line asks for the credit’s name, code, and amount.
Where does the form show withholding and a withholding waiver application?
Line 15 reports Utah tax withheld on behalf of the beneficiary. The form also provides a box to mark with an “X” if a withholding waiver was applied for.