Line 1a

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Line 1a

2012 tax rate schedule. For tax years beginning in 2012, figure the tax using the Tax Rate Schedule below and enter the tax on line 1a. However, see the Instructions for Schedule D (Form 1041) and the Qualified Dividends Tax Worksheet below.
2012 Tax Rate Schedule
If taxable income is:
Over— But not over— Its tax is: Of the amount over—
$0 $2,400 15% $0
2,400 5,600 $360.00 + 25% 2,400
5,600 8,500 1,160.00 + 28% 5,600
8,500 11,650 1,972.00 + 33% 8,500
11,650 ----- 3,011.50 + 35% 11,650

Schedule D (Form 1041) and Schedule D Tax Worksheet. Use Part V of Schedule D (Form 1041) or the Schedule D Tax Worksheet, whichever is applicable, to figure the estate's or trust's tax if the estate or trust files Schedule D (Form 1041) and has:
  • A net capital gain and any taxable income, or

  • Qualified dividends on line 2b(2) of Form 1041 and any taxable income.

Qualified Dividends Tax Worksheet. If you do not have to complete Part I or Part II of Schedule D and the estate or trust has an amount entered on line 2b(2) of Form 1041 and any taxable income (line 22), then figure the estate's or trust's tax using the worksheet below and enter the tax on line 1a.

Note.

You must reduce the amount you enter on line 2b(2) of Form 1041 by the portion of the section 691(c) deduction claimed on line 19 of Form 1041 if the estate or trust received qualified dividends that were IRD.

Line 1c—AMT. Attach Schedule I (Form 1041) if:
  • The estate or trust must complete Schedule B.

  • The estate or trust claims a credit on line 2b, 2c, or 2d of Schedule G.

  • The estate's or trust's share of alternative minimum taxable income (line 29 of Schedule I (Form 1041)) exceeds $22,500.

Enter the amount from line 56 of Schedule I (Form 1041) on line 1c.

Qualified Dividends Tax Worksheet—Schedule G, line 1a

Caution: Do not use this worksheet if the estate or trust must complete Schedule D (Form 1041).
1. Enter the amount from Form 1041, line 22 1.
2. Enter the amount from Form 1041, line 2b(2) 2.
3. If you are claiming investment interest expense on Form 4952, enter the amount from line 4g; otherwise enter -0- 3.
4. Subtract line 3 from line 2. If zero or less, enter -0- 4.
5. Subtract line 4 from line 1. If zero or less, enter -0- 5.
6. Enter the smaller of the amount on line 1 or $2,400 6.
7. Is the amount on line 5 equal to or more than the amount on line 6?
Yes.
Skip lines 7 and 8; go to line 9 and check the "No" box.
No.
Enter the amount from line 5 7.
8. Subtract line 7 from line 6 8.
9. Are the amounts on lines 4 and 8 the same?
Yes.
Skip lines 9 through 12; go to line 13.
No.
Enter the smaller of line 1 or line 4 9.
10. Enter the amount from line 8 (if line 8 is blank, enter -0-) 10.
11. Subtract line 10 from line 9 11.
12. Multiply line 11 by 15% (.15) 12.
13. Figure the tax on the amount on line 5. Use the 2012 Tax Rate Schedule 13.
14. Add lines 12 and 13 14.
15. Figure the tax on the amount on line 1. Use the 2012 Tax Rate Schedule 15.
16. Tax on all taxable income. Enter the smaller of line 14 or line 15 here and on Sch. G, line 1a 16.