1041 Allen Trust Case Study Facts: Return Information

Allen Trust Case Study Facts: Introduction

Some data is already entered for you. Use the 1041 Allen Trust Case Study Facts: Data Entry section for instructions and hints on entering any data you are unsure how to enter. You should verify all the information when it has changed or is missing based on the information in these facts.

Dividend Income

Atlantis Corporation (all qualified dividends)	$ 1,100
Bell/South Corporation (all qualified dividends)	$ 4,657
Connecticut Widgets (none qualified)	$11,356

US Government Interest

US Treasury Note 2018	$ 3,750
US Treasury Note 2019	$ 6,475

Other Interest Income

Daly Bank	$14,375
Elegan Bank	$ 9,463

Tax-Exempt Interest Income

Illinois Housing Authority	$11,467
Wyoming Land Development Bond	$ 2,150

Trust Expenses

Fiduciary fees (allocable)	$ 5,100
Tax return preparation fees (nonallocable)	$ 250

Capital Loss Carryovers

Long-term	$ 6,900
Short-term	None

Common Trust Fund Gain and Loss

Long-term gain	$12,358
Short-term loss	$ 4,120

Capital Gains and Losses

Description	150 Shares Work Depot
Date Purchased	August 12, 2009
Date Sold	September 15, 2019
Cost	$ 1,500
Sales Price	$23,400

Disbursement to Beneficiaries

Beneficiary	Jennifer Allen
Address	8901 Main Street Farmington, TX 34567
SSN	211-81-6522
Date of Birth	04/22/1979
Income Distribution	100% required
Capital Gain Distribution	No entry required

Transmittal Letter and Filing Instructions

The Allen Trust requires separate federal filing instructions, estimate filing instructions, and a transmittal letter to the fiduciary. The return will be filed at the Ogden, UT center.

Case Study Facts/allen_return_info.htm/TY2019

Last Modified: 03/19/2020

Last System Build: 06/17/2021