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2026-06-28 Valiant Life Care General Content
See back of form and instructions. OMB No. 1545-0092 661117
(Form 1041) 2024
Beneficiary's Share of Income, Deductions,
Credits, etc.
Department of the Treasury
Internal Revenue Service
See back of form and instructions. OMB No. 1545-0092 661117
Final K-1
Amended K-1
For calendar year 2024, or tax year
beginning / / ending / /
Information About the Estate or Trust
Part I
A Estate's or trust's employer identification number
B Estate's or trust's name
C Fiduciary's name, address, city, state, and ZIP code
Check if Form 1041-T was filed and enter the date it was filed
Check if this is the final Form 1041 for the estate or trust
Information About the Beneficiary
Part II
F Beneficiary's identifying number
G Beneficiary's name, address, city, state, and ZIP code
Domestic beneficiary
Foreign beneficiary
Beneficiary's Share of Current Year Income,
Deductions, Credits, and Other Items
Part III
Interest income
2a
Ordinary dividends
2b
Qualified dividends
Net short-term capital gain
4a
Net long-term capital gain
4b 28% rate gain 4c
Unrecaptured section 1250 gain
Other portfolio and
nonbusiness income 6
Ordinary business income
Net rental real estate income
Other rental income
Directly apportioned deductions
Estate tax deduction
Final year deductions
Alternative minimum tax adjustment
Credits and credit recapture
Other information
* See attached statement for additional information.
Note: A statement must be attached showing the
beneficiary's share of income and directly apportioned deductions from each business, rental real estate, and other rental activity.
For IRS Use Only
For Paperwork Reduction Act Notice, see the Instructions for Form 1041. www.irs.gov/Form1041 Cat. No. 11380D
Schedule K-1 (Form 1041) 2024
Schedule K-1 (Form 1041) 2024
Page 2
This list identifies the codes used on Schedule K-1 for beneficiaries and provides summarized reporting information for beneficiaries who file Form 1040 or 1040-SR. For detailed reporting and filing information, see the Instructions for Schedule K-1 (Form 1041) for a Beneficiary Filing Form 1040 or 1040-SR and the instructions for your income tax return.
Report on
Interest income
Form 1040 or 1040-SR, line 2b
2a. Ordinary dividends
Form 1040 or 1040-SR, line 3b
2b. Qualified dividends
Form 1040 or 1040-SR, line 3a
Net short-term capital gain
Schedule D, line 5
4a. Net long-term capital gain
Schedule D, line 12
4b. 28% rate gain 28% Rate Gain Worksheet, line 4 (Schedule D instructions) 4c. Unrecaptured section 1250 gain
Unrecaptured Section 1250 Gain
Worksheet, line 11 (Schedule D
instructions)
Other portfolio and nonbusiness
income
Schedule E, line 33, column (f)
Ordinary business income
Schedule E, line 33, column (d) or (f)
Net rental real estate income
Schedule E, line 33, column (d) or (f)
Other rental income
Schedule E, line 33, column (d) or (f)
Directly apportioned deductions
Code
A Depreciation
Form 8582; or Schedule E, line
33, column (c) or (e)
B Depletion
Form 8582; or Schedule E, line
33, column (c) or (e)
C Amortization
Form 8582; or Schedule E, line
33, column (c) or (e)
Estate tax deduction
Schedule A, line 16
Final year deductions
A Excess deductions , Section 67(e)
expenses
Schedule 1 (Form 1040), line 24k
(also see the beneficiary's instructions)
B Excess deductions , Non-miscellaneous
itemized deductions
See the beneficiary's instructions
C Short-term capital loss carryover
Schedule D, line 5
D Long-term capital loss carryover
Schedule D, line 12; line 5 of the
wksht. for Sch. D, line 18; and line 16 of the wksht. for Sch. D, line 19
E Net operating loss carryover ,
regular tax
Schedule 1 (Form 1040), line 8a
F Net operating loss carryover ,
minimum tax
Form 6251, line 2f
Alternative minimum tax (AMT) items
A Adjustment for minimum tax purposes
Form 6251, line 2j
B AMT adjustment attributable to
qualified dividends }
C AMT adjustment attributable to
net short-term capital gain
D AMT adjustment attributable to
net long-term capital gain
E AMT adjustment attributable to
unrecaptured section 1250 gain
F AMT adjustment attributable to
28% rate gain
G Accelerated depreciation
H Depletion
I Amortization
See the beneficiary's
instructions and the
Instructions for Form 6251
J Exclusion items
2025 Form 8801
Credits and credit recapture
Code
Report on
A Credit for estimated taxes
Form 1040 or 1040-SR, line 26
B Credit for backup withholding
Form 1040 or 1040-SR, line 25c
C Low-income housing credit
D Advanced manufacturing production
credit
E Clean electricity production credit
F Work opportunity credit
G Credit for small employer health
insurance premiums
H Biofuel producer credit
I Credit for increasing research activities
J Renewable electricity production
credit
K Empowerment zone employment credit
L Clean fuel production credit
M Orphan drug credit
N Credit for employer-provided childcare
facilities and services
O Biodiesel and renewable diesel fuels
credit
P Credit to holders of tax credit bonds
Q Credit for employer differential wage
payments
R Recapture of credits
S Credit for production from advanced
nuclear power facilities
T Zero-emission nuclear power production
credit
ZZ Other credits
See the beneficiary's instructions
Other information
A Tax-exempt interest
Form 1040 or 1040-SR, line 2a
B Foreign taxes
Schedule 3 (Form 1040), line 1; or
Schedule A, line 6
C Qualified rehabilitation expenditures
See the beneficiary's instructions
D Basis of energy property
See the beneficiary's instructions
E Net investment income
Form 4952, line 4a
F Gross farm and fishing income
Schedule E, line 42
G Foreign trading gross receipts
(Section 942(a))
See the Instructions for
Form 8873
H Adjustment for section 1411 net
investment income or deductions
Form 8960, line 7 (also see the
beneficiary's instructions) }
I Section 199A information
J Qualifying advanced coal project
property and qualifying gasification project property
K Qualifying advanced energy project
property
See the beneficiary's instructions
L Advanced manufacturing investment
property
M Clean electricity investment credit
ZZ Other information
Note: If you are a beneficiary who does not file a Form 1040 or 1040-SR, see instructions for the type of income tax return you are filing.
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