O'CONNOR, WELLS & VANDER WERFF, LLC
2015 TRUST TAX WORKSHEET
General Information
Name of Trust
Fed ID #
Name of Trustee
Phone Number
Street Address of Trustee
Apt #
City
State
Zip
Interest Income
Please enclose copies of all Forms 1099-INT or other documents relating to interest received
Savings & Loans,
Bank and Other
Name of Payer
U.S. Bonds and
Obligations
Tax-Exempt
Interest
Total
Dividend Income
Please enclose copies of all Forms 1099-DIV or other documents relating to dividends received
Box 1a
Total Ordinary
Dividends
Name of Payer
Box 1b
Qualified
Dividends
Box 2a
Total Capital
Gain Distribution
U.S. Bond
Interest Amount
or % in Box 1a
Total
Capital Gains or Losses
Attach 1099 statements. Include sale or exchange of Non-Business Assets and Personal Residence.
A) Cost Basis Reported to IRS on 1099-B _______
Description of Property
B) Cost Basis not reported to IRS on 1099-B _______
Date
Acquired
Date Sold
Sales Price
C) Neither A nor B _______
Cost Basis
Gain/(Loss)
Times GP%
Total
Totals
Installment Sales
Description
Principal Received in 2015
2015 TRUST TAX WORKSHEET (CONTINUED)
Rental Property
Property Types: 1-Single Family, 2-Mulit-Family, 3-Vacation/Short-Term, 4-Commercial, 5-Land, 6-Royalties, 7-Self-Rental, 8-Other (describe)
Tax Elections: The De Minimis Safe Harbor applies for certain costs under $500
The Small Taxpayer applies for certain costs that don’t exceed the lesser of $10,000 or 2% of the unadjusted basis of the building
Filing of 1099 Forms: Please request a worksheet to meet filing requirements if needed by the January 31, 2016 deadline.
Were payments made that would require you to file 1099 Forms? Yes ___ No ___ If yes, will all required 1099 Forms be filed? Yes ___ No ___
Property Type (see codes above)
Address of Property
Fair Rental Days vs. Personal Days
De Minimis Safe Harbor
Tax Elections:
Small Taxpayer
vs.
vs.
vs.
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Yes_____ No_____
Rental Income
Other Income
Rental Expenses:
(office use only)
Advertising
Auto
Cleaning and Maintenance
Insurance
Legal & Accounting
Interest – Banks
Interest – Other
Repairs
Supplies
Taxes - Real Estate
Utilities
Depreciation
(office use only)
Net Income / (Loss)
Capital Expenditures:
Description
Date
Purchased
New or
Used
Wisconsin Only: Subtraction for 20% Depreciation Basis Adj. $ __________
Miscellaneous Income
Name of Payer
Nature of Income
Amount
Trust Expenses
Description
Payee & Date
Amount
State Income Tax Paid This Year
Real Estate Taxes on Non-Rental Property
Trustee Fees
Attorney Fees
Accountant Fees
Other Expenses
Trust Estimated Tax Payments
Federal
Credit from last year
1st
2nd
3rd
4th
Totals
Word/Tax Season Worksheets/trust tax worksheet
State