Beneficiary calculations (1041 AL)
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Hide expandable textSchedule K-1
The Alabama Schedule K-1 includes a Non-Alabama Resident column and an Alabama Resident column. The Non-Alabama Resident column only includes income sourced to Alabama. The Alabama Resident column will only calculate for resident beneficiaries which displays the total income from everywhere.
Schedule G
Both resident and nonresident grantors should report income on Alabama Schedule G, lines 1-9.
Partial grantor and QSST grantor portions calculate on Schedule G. Per the state, the grantor portions no longer report on Form 41, Page 4 or on the beneficiary summary.
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