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CCH Axcess Tax

Introduction to the Indiana Fiduciary Return

The Indiana fiduciary return is prepared for calendar, fiscal and short-year returns. Using entries from the federal return and the Indiana Information worksheet, the following forms and schedules are prepared for the Indiana fiduciary return:

• Form POA-1, Power of Attorney
• Form IT-41EXT,Fiduciary Extension Payment Voucher
• Form IT-41ES, Fiduciary Estimated Tax Payment Voucher
• Form IT-41, Indiana Fiduciary Income Tax Return
• Form IT-41NR, Non-Indiana Income Worksheet
• Schedule CR, Credit for Tax Paid to Other States Worksheet
• Schedule K-1, Beneficiary's Information
• NOL, Net Operating Loss Computation
• NOLI, Net Operating Loss Intervening Year
• ESBT, Electing Small Business Trust Calculation
• Grantor Letter, Grantor Trust
• Nonresident Grantor Letter, NR Grantor Trust
• Tax Information Letter, Custodial/Agency Account
• Nonresident Custodial Letter, NR Custodial Trust
• Grantor Summary of Tax Items
• Grantor Statement of tax Items

Names and addresses are the same as on Federal Form 1041.

Multi-State Returns

The processing of multiple states within one fiduciary return is available; the Indiana return can be processed as the resident or nonresident state.

To process a nonresident return, select the "Nonresident estate or trust" field on the "Basic Data" section of the "Indiana Information" worksheet.

Nonresident returns are not available for split interest trusts.

See the multi-state section of the federal help screen for further detail regarding multi-state processing.

FS Codes and State Codes

The "FS" and "State Code" fields control which entries carry to the federal and/or state tax return(s). Various combinations of the two codes used separately or in conjunction with one another, will result in the inclusion of information on the federal and/or state return(s) in the following manner:

The first column is the "FS" code. "Blank" indicates no entry was made in the "FS" code field. The only other possible entries are "F" or "S".

The second column is the state code. "Blank" indicates no entry was made in the "State" field. "XX" represents the alphabetic state code.

The third column specifies the returns that will include the entries in the related fields.

**On multi-state returns, this entry will be included in income on the federal return, the resident state return and the indicated state return. This entry scheme applies to items of income only. See the multi-state section of the federal help screen for information pertaining to the treatment of deductions, beneficiary allocations, footnotes, etc.