California Schedule K-1 (541) (2025), Beneficiary’s Share of Income, Deductions, Credits, etc. Instructions

Enter the accelerated depreciation amount shown on the federal Schedule K-1 (Form 1041) for line 12b.

Enter the California adjustments to the accelerated depreciation amount for line 12b that modify the federal amount.

Enter the total accelerated depreciation for line 12b under California law, combining the federal amount and California adjustments.

Enter the portion of the accelerated depreciation for line 12b that is sourced to California (California source amount and credits).

Enter the California total amount for line 12a (adjustment for alternative minimum tax purposes) if a separate summary or alternate entry is required.

Enter the portion of the 12a amount that is attributable to California source amounts and credits when a separate summary or alternate entry is used.

Enter the 12a adjustment amount reported on the federal Schedule K-1 (Form 1041) for this beneficiary.

Enter any California adjustments (positive or negative) that modify the federal 12a amount for California tax purposes.

Enter the combined total for line 12a under California law, which is the sum of the federal amount and the California adjustments.

Enter the portion of the line 12a California total that represents California-source amounts and credits applicable to this beneficiary.

Enter the amortization amount shown on the federal Schedule K-1 (Form 1041) for line 12d.

Enter any California adjustments to the amortization amount for line 12d (amount to add or subtract from the federal amount).

Enter the total amortization amount for line 12d after combining the federal amount and California adjustments.

Enter the portion of the line 12d amortization that is attributable to California sources or applicable to California credits.

Enter the amortization amount reported on the beneficiary's federal Schedule K-1 (Form 1041).

Enter any California-specific adjustments (positive or negative) that modify the federal amortization amount for California tax purposes.

Enter the combined total amortization amount after applying federal amount and California adjustments, computed under California law.

Enter the portion of the amortization that is California-source and any related California credits, if applicable.

Enter the beneficiary’s full name and mailing address (number and street, suite or Apt., PO box or PMB no.), city, state, and ZIP code exactly as it should appear for correspondence.

Enter the fiduciary’s full name and mailing address (number and street, suite or Apt., PO box or PMB no.), city, state, and ZIP code; if more than one fiduciary or trustee, list all names and addresses and indicate if a fiduciary is a nonresident or attach additional sheets as needed.

Check this box if the beneficiary is an individual (a natural person).

Check this box if the beneficiary is an estate or a trust.

Check this box if the beneficiary is a qualified exempt organization as defined in the Schedule K-1 (541) instructions.

Check this box if the beneficiary is an entity type not listed above and write the specific entity type on the provided line.

Enter the code for the beneficiary’s entity type for line C: 1 = Individual, 2 = Estate/Trust, 3 = Qualified Exempt Organization, or 4 = Other (if Other, also supply the entity description where requested). Fill only if 'C (4) Other' is 'Yes'.

Enter the capital loss carryover amount reported on the federal Schedule K-1 (Form 1041) for this beneficiary.

Enter any California adjustments to the capital loss carryover for this beneficiary.

Enter the combined total (columns (b) + (c)) representing the capital loss carryover computed under California law for this beneficiary.

Enter the portion of the capital loss carryover that is California-source (and any related credits) attributable to this beneficiary.

Enter the depletion amount reported on the federal Schedule K-1 (Form 1041) for line 12c.

Enter any California adjustments (positive or negative) to the federal depletion amount for line 12c.

Enter the total depletion amount for line 12c under California law, computed by combining the federal amount and the California adjustments.

Enter the portion of the line 12c depletion that is sourced to California and any related California credits attributable to this beneficiary.

Enter the depletion amount reported on the federal Schedule K-1 (Form 1041) allocable to this beneficiary (column b).

Enter any California adjustments to the federal depletion amount for this beneficiary (column c).

Enter the combined total depletion amount after applying California law (the sum of columns b and c) allocable to this beneficiary (column d).

Enter the portion of the depletion amount that is California-source and any related California credits allocable to this beneficiary (column e).

Enter the depreciation amount reported on the federal Schedule K-1 (Form 1041) that is allocated to this beneficiary for line 9a.

Enter any California adjustments to the depreciation amount for line 9a.

Enter the total depreciation amount for line 9a as determined under California law (the combined federal amount and California adjustments).

Enter the depreciation amount attributable to California sources and any related California credits for line 9a.

Enter the whole-number portion of the beneficiary's percentage of distribution at year end.

Enter the fractional (decimal) portion of the beneficiary's percentage of distribution at year end.

Check this box if this Schedule K-1 (541) corrects or replaces a previously filed Schedule K-1 for this beneficiary (i.e., an amended K-1).

Check this box if this Schedule K-1 (541) is the beneficiary's final Schedule K-1 for the estate or trust (no further K-1s will be issued for this beneficiary).

Enter the dividend amount reported on the federal Schedule K-1 (Form 1041) that is allocable to this beneficiary.

Enter any California adjustments to the dividend amount for this beneficiary.

Enter the total dividend amount determined under California law after combining the federal amount and California adjustments.

Enter the portion of the dividend that is California-source income or related California credits allocable to this beneficiary.

Enter the full legal name of the estate or trust as it appears on official documents.

Enter the beneficiary’s Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), California corporation number, California SOS file number, or federal employer identification number (FEIN) as applicable.

Enter the federal employer identification number (FEIN) assigned to the estate or trust.

Enter the beneficiary's allocable share of excess deduction on termination as reported on the federal Schedule K-1 (Form 1041).

Enter any California adjustments to the excess deduction on termination applicable to this beneficiary.

Enter the total excess deduction on termination under California law by combining the federal amount and the California adjustments for this beneficiary.

Enter the portion of the excess deduction on termination that is attributable to California source amounts and credits for this beneficiary.

Enter the amount of gross farm and fishing income shown on the federal Schedule K-1 (Form 1041) allocated to this beneficiary.

Enter the California adjustments (additions or subtractions) to the gross farm and fishing income for this beneficiary.

Enter the total gross farm and fishing income for California by combining the federal Schedule K-1 amount and the California adjustments for this beneficiary.

Enter the portion of the total gross farm and fishing income that is California-source or the California creditable amount applicable to this beneficiary.

Enter the interest amount shown on the federal Schedule K-1 (Form 1041) for this beneficiary.

Enter any California adjustments to the federal interest amount for this beneficiary.

Enter the total interest amount under California law for this beneficiary, combining the federal amount and California adjustments.

Enter the portion of the interest that is California-source and any related California credits allocable to this beneficiary.

Enter the amount from the federal Schedule K-1 for net capital gain or (loss) corresponding to allocable share item 3 for this beneficiary.

Enter any California adjustments to the net capital gain or (loss) for allocable share item 3 for this beneficiary.

Enter the total net capital gain or (loss) under California law for allocable share item 3, combining the federal amount and California adjustments.

Enter the California source amounts and credits related to the net capital gain or (loss) for allocable share item 3 allocable to this beneficiary.

Enter the beneficiary's net investment income amount reported on the federal Schedule K-1 (Form 1041) for line 14b.

Enter any California law adjustments to the federal net investment income amount for line 14b.

Enter the combined total net investment income for line 14b calculated under California law (combine columns (b) and (c)).

Enter the portion of net investment income for line 14b that is California source income and any related California credits.

Enter the net operating loss (NOL) carryover for regular tax purposes shown on the federal Schedule K-1 (Form 1041) attributable to this beneficiary.

Enter the California adjustments to the federal NOL carryover for regular tax purposes that apply to this beneficiary.

Enter the total NOL carryover for regular tax purposes under California law for this beneficiary, which is the sum of columns (b) and (c).

Enter the portion of the NOL carryover and any related credits that are attributable to California sources for this beneficiary.

Enter the beneficiary's allocable share of net rental real estate income for item 7 as reported on the federal Schedule K-1 (Form 1041).

Enter any California adjustments (positive or negative) to the federal net rental real estate income for item 7 that modify the federal amount for California tax purposes.

Enter the total net rental real estate income for item 7 after combining the federal amount and California adjustments in accordance with California law.

Enter the portion of the item 7 net rental real estate income that is attributable to California source for this beneficiary.

Enter the NOL carryover amount for alternative minimum tax from the federal Schedule K-1 (Form 1041) attributable to this beneficiary.

Enter the California adjustments to the NOL carryover for alternative minimum tax for this beneficiary.

Enter the total NOL carryover for alternative minimum tax after combining the federal amount and California adjustments for this beneficiary.

Enter the portion of the NOL carryover for alternative minimum tax that is attributable to California sources for this beneficiary.

Enter the amount of ordinary business income reported on the federal Schedule K-1 (Form 1041) allocable to this beneficiary.

Enter the California adjustments that increase or decrease the federal ordinary business income for this beneficiary.

Enter the total ordinary business income under California law for this beneficiary, combining the federal amount and California adjustments.

Enter the portion of ordinary business income sourced to California and any related California credits allocable to this beneficiary.

Enter the total amount of 'Other credits' for line 13d after combining federal amount and California adjustments, as reported under the California law column.

Enter the portion of 'Other credits' for line 13d that is attributable to California sources or credits.

Enter the brief label or description of the specific 'Other information' item being reported for line 14d (for example a code, note, or short explanatory text).

Enter the amount shown on the federal Schedule K-1 (Form 1041) for this other information item.

Enter any California adjustments to the federal amount for this other information item.

Enter the total amount to be reported on the California return for this item, combining the federal amount and California adjustments.

Enter the portion of the total amount that is California-source or any California credits related to this other information item.

Enter the beneficiary’s allocable share of other portfolio and nonbusiness income reported on the federal Schedule K-1 (Form 1041).

Enter any California adjustments to the federal amount for the beneficiary’s allocable share of other portfolio and nonbusiness income.

Enter the combined total of the federal amount and California adjustments for the beneficiary’s allocable share of other portfolio and nonbusiness income.

Enter the portion of the beneficiary’s allocable share that is California-source income and any related California credits for this item.

Enter the beneficiary’s share of other rental income reported on the federal Schedule K-1 (Form 1041) for allocable share item 8.

Enter the California adjustment amount to the federal other rental income for allocable share item 8, if any (include increases or decreases).

Enter the combined total of the federal amount and California adjustments for other rental income (allocable share item 8) as determined under California law.

Enter the portion of other rental income (allocable share item 8) that is sourced to California and any related California credits.

Check this box if the beneficiary named on this Schedule K-1 is a California resident for the tax year.

Check this box if the beneficiary named on this Schedule K-1 is not a California resident for the tax year.

Check this box if the fiduciary (executor, trustee, or other representative) is a California resident for the tax year.

Check this box if the fiduciary (executor, trustee, or other representative) is not a California resident for the tax year.

Enter the beginning date of the tax period for this return (start of calendar year or fiscal year).

Enter the ending date of the tax period for this return (end of calendar year or fiscal year).

Enter the beneficiary’s share of tax-exempt interest reported on the federal Schedule K‑1 (Form 1041) for line 14a.

Enter any California adjustments (positive or negative) to the federal tax-exempt interest amount for line 14a.

Enter the total tax-exempt interest for line 14a after combining the federal amount and the California adjustments.

Enter the portion of the tax-exempt interest on line 14a that is attributable to California sources or any related California credits.

Enter the total dollar amount of taxes paid to other states for line 13c, combining the federal amount and any California adjustments as required for California law.

Enter the portion of the taxes paid to other states on line 13c that were California-source amounts or credits to be reported for California purposes.

Enter the total withholding amount for line 13b (the amount that equals the withholding shown on Form 592‑B for the calendar year).

Enter the portion of the withholding on line 13b that is attributable to California source amounts and credits.

Enter the total dollar amount of trust payments of estimated tax credited to the beneficiary for line 13a (combine federal Schedule K-1 amounts and California adjustments as required).

Enter the dollar amount of the trust payments of estimated tax credited to the beneficiary that are attributable to California source and any related California credits for line 13a.