Formulier 1041-N Instructies

Instructies voor formulier 1041-N, Amerikaanse Inkomstenbelasting Return for Electing Alaska Native Settlement Trusts

December 2022

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Department of the Treasury

Internal Revenue Service

Instructions for Form 1041-N

(Rev. December 2022)

U.S. Income Tax Return for Electing Alaska Native Settlement Trusts

Section references are to the Internal Revenue Code unless

otherwise noted.

income assigned to the ANST. See Part III—Other

Information, Question 1, later, for the information required to

be attached to the form.

Future Developments

Tax

For the latest information about developments related to

Form 1041-N and its instructions, such as legislation enacted

after they were published, go to IRS.gov/Form1041N.

An electing ANST pays tax on its taxable income at the

lowest rate specified for single individuals (10%). If the ANST

has net capital gain or qualified dividends, use the tax

computation on Part IV of Schedule D, which applies a 0%

rate on its adjusted net capital gain.

General Instructions

Use this revision for tax years beginning after 2017.

Purpose of Form

Disqualifying Acts

If, at any time, a beneficial interest in an ANST may be

disposed of to a person in a manner that isn't permitted by

section 7(h) of the ANCSA (if the interest were settlement

common stock), then:

Under section 646, an Alaska Native Settlement Trust

(ANST) may elect to apply special income tax treatment to

the trust and its beneficiaries. This one-time election is made

by filing Form 1041-N in the first tax year of the trust. Form

1041-N is used to report an ANST's income, deductions,

gains, losses, etc., and to figure and pay any income tax due.

Form 1041-N is also used to report special information

applicable to an ANST's filing requirements.

If no election has previously been made, the ANST can't

•

elect special tax treatment under section 646 for the trust and

its beneficiaries; or

If the election is in effect at that time:

•

1. The election won't apply as of the first day of the tax

year in which a prohibited disposition is first allowed;

Definitions

2. The section 646 tax treatment won't apply to the trust

An ANST is a settlement trust within the meaning of section

3(t) of the Alaska Native Claims Settlement Act (ANCSA).

for that tax year or in any subsequent tax years; and

3. The distributable net income of the trust will be

increased by the current or accumulated earnings and profits

of the sponsoring ANC as of the close of the tax year, after

adjustment is made for all distributions made by the

sponsoring ANC during the tax year. However, this increase

is limited to the fair market value (FMV) of the trust's assets

as of the date the beneficial interest of the trust first becomes

disposable.

An Alaska Native Corporation (ANC) has the same

meaning as the term "Native Corporation" has under section

3(m) of the ANCSA.

A sponsoring ANC means the ANC that transfers assets

to an electing ANST.

A trustee is a fiduciary of the trust. Any reference in these

instructions to “you” means the trustee of the trust.

If stock in the sponsoring ANC may be disposed of to a

person in a manner that isn't allowed by section 7(h) of the

ANCSA (if the stock were settlement common stock) and at

any time after such disposition of stock is first allowed, the

corporation transfers assets to an ANST, then items 1, 2, and

3 above will apply to the ANST in the same manner as if the

ANST allowed dispositions of beneficial interests in the

ANST in a manner not allowed by section 7(h) of the ANCSA.

Tax Treatment of an Electing ANST

Adjusted Gross Income (AGI)

Figure the AGI of an electing ANST by subtracting from total

income (line 5) administrative costs (lines 7 through 9) and

the exemption amount (line 11). Administrative costs are

deductible to the extent they would not have been incurred if

the property were not held by the ANST.

The surrender of an interest in an ANC or an electing

ANST by the shareholder or beneficiary, for a whole or partial

redemption or for the whole or partial liquidation of the

corporation or trust, will be considered a transfer allowed by

section 7(h) of the ANCSA.

Taxable Income

In general, an electing ANST's taxable income is figured in

the same manner as any other taxable trust (see Internal

Revenue Code subchapter J). However, the electing ANST

isn't allowed to take an income distribution deduction, though

it can claim an exemption deduction, the amount of which

depends on the terms of the trust.

Information Reporting Requirements

Electing ANSTs must complete Schedule K and file it with

Form 1041-N. The ANST must also provide a copy of

Schedule K to the sponsoring ANC by the date Form 1041-N

is required to be filed with the IRS. The ANST isn't required to

provide information to the beneficiaries on distributions made

to them. The sponsoring ANC will provide the beneficiaries

with any required information.

See the Schedule K instructions for information on the

beneficiaries' tax treatment of distributions received from the

ANST.

Income Assignment From a Native Corporation

The ANST reports income assignments from an ANC on

the appropriate income line consistent with the type of

Oct 04, 2022

Cat. No. 38105U

Give you a copy of the return for your records, in addition

•

Who Must File

to the copy to be filed with the IRS.

The trustee of any electing ANST having any taxable income,

or having gross income of at least $600 for the tax year, must

file Form 1041-N for that year.

Paid Preparer Authorization

If the trustee wants to allow the IRS to discuss the ANST's

tax return with the paid preparer who signed it, check the

“Yes” box in the signature area of the return. This

authorization applies only to the individual whose signature

appears in the Paid Preparer Use Only section of the ANST's

return. It doesn't apply to the firm, if any, shown in that

section.

Making the Election

The trustee of an ANST must make this election by

the due date (including extensions) for filing the

CAUTION

ANST's tax return for its first tax year.

The trustee makes the election for the ANST by signing Form

1041-N in the signature block on page 1. The return must be

filed by the due date (including extensions) for filing the

ANST's tax return for its first tax year. Once the election is

made, it applies to all subsequent years and can't be

revoked.

If the “Yes” box is checked, the trustee is authorizing the

IRS to call the paid preparer to answer any questions that

may arise during the processing of the ANST's return. The

trustee is also authorizing the paid preparer to:

Give the IRS any information that is missing from the

•

ANST's return;

Call the IRS for information about the processing of the

•

When To File

ANST's return or the status of its refund or payment(s); and

ANSTs file Form 1041-N by the 15th day of the 4th month

following the close of the tax year. If the due date falls on a

Saturday, Sunday, or legal holiday, file on the next business

day.

Respond to certain IRS notices that the trustee has shared

•

with the preparer about math errors, offsets, and return

preparation. The notices won't be sent to the preparer.

The trustee isn't authorizing the paid preparer to receive

any refund, enter into any agreement (including those

regarding additional tax liability), or otherwise represent the

ANST before the IRS. If the trustee wants to expand the paid

preparer's authorization, see Pub. 947, Practice Before the

IRS and Power of Attorney.

Private Delivery Services

You can use certain private delivery services (PDSs)

designated by the IRS to meet the "timely mailing as timely

filing" rule for tax returns. Go to IRS.gov/PDS for the current

list of designated services.

The PDS can tell you how to get written proof of the

mailing date.

The authorization can't be revoked. However, the

authorization will automatically end no later than the due date

(regardless of extensions) for filing the ANST's next tax

return.

For the IRS mailing address to use if you’re using a PDS,

go to IRS.gov/PDSStreetAddresses.

PDSs can't deliver items to P.O. boxes. You must

Accounting Methods

use the U.S. Postal Service to mail any item to an

Figure taxable income using the method of accounting

regularly used in keeping the ANST's books and records.

Generally, permissible methods include the cash method, the

accrual method, or any other method authorized by the

Internal Revenue Code. In all cases, the method used must

clearly reflect income.

CAUTION

IRS P.O. box address.

Extension of Time To File

Use Form 7004, Application for Automatic Extension of Time

To File Certain Business Income Tax, Information, and Other

Returns, to request an automatic extension of time to file.

Generally, the ANST may change its accounting method

(overall method or for any material item) only by getting

consent on Form 3115, Application for Change in Accounting

Method. For more information, see Pub. 538, Accounting

Periods and Methods.

An extension of time to file doesn't extend the time to pay

the tax.

Where To File

File Form 1041-N at the following address.

Accounting Periods

Department of the Treasury

Internal Revenue Service

Ogden, UT 84201-0027

All electing ANSTs must adopt a calendar year.

Rounding Off to Whole Dollars

You may round off cents to whole dollars on the ANST's

return and schedules. If you do round to whole dollars, you

must round all amounts. To round, drop amounts under 50

cents and increase amounts from 50 to 99 cents to the next

dollar. For example, $1.39 becomes $1 and $2.50

becomes $3.

Who Must Sign

The trustee or an authorized representative must sign Form

1041-N.

Paid Preparer

If you have to add two or more amounts to figure the

amount to enter on a line, include cents when adding the

amounts and round off only the total.

Generally, anyone who is paid to prepare a tax return must

sign the return and provide the information requested in the

Paid Preparer Use Only area of the return. The person

required to sign the return must:

Estimated Tax

Complete the required preparer information;

•

Sign it in the space provided for the preparer's signature;

Generally, an ANST must pay estimated income tax if it

expects to owe at least $1,000 after subtracting withholding

•

and

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Instructions for Form 1041-N (Rev. 12-2022)

and credits. For details and exceptions, see Form 1041-ES,

Estimated Income Tax for Estates and Trusts.

Line 3a—Name and Title of Trustee

Enter the name and title (if any) of the trustee. If a fiduciary

relationship was created or terminated, file Form 56, Notice

Concerning Fiduciary Relationship.

Interest and Penalties

If a fiduciary relationship wasn't created or terminated but

the fiduciary had a change in name or another fiduciary's

name was entered, check the “Change in fiduciary's name”

box on line 6.

Interest

Interest is charged on taxes not paid by the due date, even if

an extension of time to file is granted. Interest is also charged

on the failure-to-file penalty, the accuracy-related penalty,

and the fraud penalty. The interest charge is figured at a rate

determined under section 6621.

Line 3b—Address

Include the suite, room, or other unit number after the street

address. If the Post Office doesn't deliver mail to the street

address and you have a P.O. box, show the box number

instead of the street address.

Late Filing of Return

The law provides a penalty of 5% of the tax due for each

month, or part of a month, that the return isn’t filed up to a

maximum of 25% of the tax due. If the return is more than 60

days late, the minimum penalty is the smaller of $435 or the

tax due. The penalty won’t be imposed if you can show that

the failure to file on time is due to reasonable cause. If you

receive a notice about penalty and interest after you file this

return, send us an explanation, and we will determine if you

meet reasonable-cause criteria. Don’t attach an explanation

when you file Form 1041-N.

If you change your address after filing Form 1041-N, use

Form 8822-B, Change of Address or Responsible

Party—Business, to notify the IRS.

If a different address from the prior year was entered and

Form 8822-B wasn't filed, check the box on line 6 for

“Change in fiduciary's address.”

Line 6

For more information about penalties for late filing, see

Be sure to check all the boxes that apply. Also, see the

line 3a and line 3b instructions above for information

regarding a change in the fiduciary's name and for

information on changes to the fiduciary's address.

Late Filing of Return in the Instructions for Form 1041.

Late Payment of Tax

Section 6651 also provides for penalties for late payment.

Generally, the penalty for not paying the tax when due is ¹/2

of 1% of the unpaid amount for each month or part of a

month it remains unpaid. The maximum penalty is 25% of the

unpaid amount. The penalty is imposed on the net amount

due. Any penalty is in addition to interest charges on late

payments.

Part II—Tax Computation

Income

Line 2a—Total Ordinary Dividends

Report the total of all ordinary dividends received during the

tax year.

If you include interest or either of these penalties with

your payment, identify and enter these amounts in

CAUTION

the bottom margin of Form 1041-N. Don’t include the

Line 2b—Qualified Dividends

interest or penalty amount in the balance of tax due on

line 18.

Enter the ANST's total qualified dividends on line 2b and use

Part IV of Schedule D to figure the ANST's tax. Qualified

dividends are eligible for a lower tax rate than other ordinary

income. Generally, these dividends are shown in box 1b of

Form(s) 1099-DIV, Dividends and Distributions. See Pub.

550, Investment Income and Expenses, for the definition of

qualified dividends if you received dividends not reported on

Form 1099-DIV.

Underpaid Estimated Tax

If the trustee underpaid estimated tax, use Form 2210,

Underpayment of Estimated Tax by Individuals, Estates, and

Trusts, to figure any penalty due. Enter the amount of the

penalty in the bottom margin of Form 1041-N. Don’t include it

in the balance of tax due on line 18.

Exceptions. Some dividends may be reported as qualified

dividends in box 1b of Form 1099-DIV but aren't qualified

dividends. These include the following.

Other Penalties

Other penalties can be imposed for negligence, substantial

understatement of tax, and fraud. See Pub. 17, Your Federal

Income Tax, for details on these penalties.

Dividends received on any share of stock that the ANST

•

held for less than 61 days during the 121-day period that

began 60 days before the ex-dividend date. The ex-dividend

date is the first date following the declaration of a dividend on

which the purchaser of a stock isn't entitled to receive the

next dividend payment. When counting the number of days

the ANST held the stock, include the day you disposed of the

stock but not the day you acquired it.

Specific Instructions

Enter the year (or period) for which you are filing for the

electing ANST.

Dividends attributable to periods totaling more than 366

•

Part I—General Information

Line 1—Name of Trust

Enter the exact name that was used to apply for the employer

identification number (EIN) for the trust to file Form 1041-N.

days that the ANST received on any share of preferred stock

held for less than 91 days during the 181-day period that

began 90 days before the ex-dividend date. Preferred

dividends attributable to periods totaling less than 367 days

are subject to the 61-day holding period rule above.

Dividends on any share of stock to the extent that the

•

ANST is under an obligation (including a short sale) to make

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Instructions for Form 1041-N (Rev. 12-2022)

related payments with respect to positions in substantially

similar or related property.

Miscellaneous itemized deductions subject to the 2% floor

will not be allowed for tax years 2018 through 2025.

Payments in lieu of dividends, but only if you know or have

•

reason to know that the payments aren't qualified dividends.

Line 9—Other Deductions

Line 3—Capital Gain or (Loss)

Attach a schedule listing by type and amount all allowable

deductions that aren't deductible elsewhere on the form. No

deduction is allowed for distributions to beneficiaries.

Enter the gain from Schedule D, line 11, or the loss from

Schedule D,

line 12.

An ANST may elect under section 965(n) to determine the

amount of the net operating loss (NOL) for a tax year

Note. Report capital gain distributions on Schedule D (Form

determined under section 172 and the amount of taxable

income to be reduced by NOL carryovers or carrybacks to

such tax year without regard to certain amounts under

section 172. The amount not taken into consideration (the

reduction amount) is generally equal to the amount of the

section 965(a) inclusion (net of the section 965(c) deduction).

If, as a result of an election under section 965(n), the amount

of the NOL for the tax year is adjusted, the reduction amount

is included in other income on line 4. If, as a result of an

election under section 965(n), the taxable income reduced by

NOL carryovers or carrybacks is reduced, the NOL deduction

on line 4 is reduced by the reduction amount. See section

965(n) and the regulations thereunder for more information.

1041-N), line 7.

Line 4—Other Income

List the type and amount of income not included on lines 1a

through 3. List the types and amounts on an attached

schedule if the ANST has more than one item of other

income.

Include on line 4 taxable contributions received from an

ANC. See also Part III—Other Information, Question 1, later,

for additional information that may need to be attached to the

return. Include on this line income recognized on the early

disposition of noncash property for which the ANST

previously made a section 247(g) election. See also Part

III—Other Information, Question 1, later, for additional

information that may need to be attached to the return.

Include on this line the ordinary income recognized on the

disposition of property for which the ANST made a section

247(g) election. Report on Schedule D (Form 1041-N) the

capital gain recognized on such disposition. See Section

247(g) Election Property in the Instructions for Schedule D

(Form 1041-N) for additional information.

In determining whether an expense is deductible it must

be determined whether the expense would be "commonly or

customarily" incurred by a hypothetical individual owning the

same property. A cost incurred by an ANST is an allowable

deduction to the extent that it is excluded from the definition

of miscellaneous itemized deductions under section 67(b)

and commonly or customarily would not be incurred by a

hypothetical individual holding the same property.

Include on line 9 the deduction for qualified business

income. For information on how to figure the trust's deduction

for qualified business income, see Form 8995, Qualified

Business Income Deduction Simplified Computation, and

Form 8995-A, Qualified Business Income Deduction.

If the ANST is reporting global intangible low-taxed

income (GILTI), include it on the attached statement.

Complete and attach Form 8992.

Deductions

Line 10—Reserved for Future Use

Don’t enter any information on line 10.

Line 11—Exemption

Allocation of Deductions for Tax-Exempt Income

Generally, no deduction is allowed for any expense that is

allocable to tax-exempt income, such as interest on state or

local bonds.

Exceptions. State income taxes and business expenses

A trust whose governing instrument requires all income to be

distributed currently is allowed a $300 exemption, even if it

distributed amounts other than income during the tax year.

All other trusts are allowed a $100 exemption.

that are allocable to tax-exempt interest are deductible.

Expenses that are directly allocable to tax-exempt income

are allocable only to tax-exempt income. A reasonable

proportion of expenses indirectly allocable to both

tax-exempt income and other income must be allocated to

each class of income.

Tax and Payments

Line 14—Tax

Limitations on Deductions

If the ANST doesn't have a net capital gain or qualified

dividends and has an amount greater than zero on line 13,

check the first box on line 14, multiply the amount on line 13

by 10% (0.10), and enter the result on line 14.

Schedule D. If the ANST had a net capital gain (or qualified

dividends) and any taxable income, complete Part IV of

Schedule D (Form 1041-N), enter the tax (or -0-, if

applicable) from line 28 of Schedule D on line 14, and check

the “Schedule D” box.

Generally, the amount an ANST has "at-risk" limits the loss it

can deduct in any tax year. Also, section 469 and its

regulations generally limit losses from passive activities to

the amount of income derived from all passive activities.

Similarly, credits from passive activities are generally limited

to the tax attributable to such activities.

For details on these and other limitations on deductions,

see Deductions in the Instructions for Form 1041.

-4-

Instructions for Form 1041-N (Rev. 12-2022)

Line 15—Credits

Line 21—Tax Due

Specify the type of credit being claimed or form number and

attach any required credit forms. If you are claiming more

than one type of credit, attach a schedule listing the type and

amount of each credit claimed. See the Instructions for Form

1041 for details on the credits that may be claimed.

You must pay the tax in full when the return is filed to avoid

interest charges and possible penalties. Make the check or

money order payable to “United States Treasury.” Write the

EIN, the tax year, and “Form 1041-N” on the payment.

Enclose, but don't attach, the payment with Form 1041-N.

Part III—Other Information

Line 17—Reserved for Future Use

Question 1

Don’t enter any information on line 17.

If you answer “Yes” to this question, attach the following

information, as necessary.

Assignment of income under section 139G. Attach a

copy of the written assignment received from the ANC. See

Income Assignment From a Native Corporation, earlier, for

how to report the assigned income.

Property for which the ANC made an election under

section 247(e). Attach the statement required under section

6039H(e) received from the ANC. If the ANST elects under

section 247(g) to defer recognition of income related to any

noncash property received from the ANC, clearly identify on

the statement for which noncash property the ANST is

making the election and describe the property (if the

statement from the ANC does not describe it). Include in

other income (line 4) the amount of income otherwise

required to be recognized by the ANST.

Line 18—Total Tax

If the ANST owes any additional taxes (for example,

recapture taxes), include these taxes on line 18. To the left of

the entry space, enter the type and amount of the tax. Also

attach to Form 1041-N any forms required to figure these

taxes. See the Instructions for Form 1041 for more details on

additional taxes that may apply.

If the ANST shows more than one type of additional tax on

this line, attach a schedule showing the type and amount of

each tax, and include the total of all additional taxes on this

line.

Report on this line of an amended return the additional

10% tax for the year in which the ANST received a

contribution of noncash property from an ANC, elected to

defer the recognition of income under section 247(g), but

disposed of the property within the first tax year subsequent

to the tax year the ANST received the property. The increase

in tax due to the inclusion of the deferred income, which is

the base amount for the computation of the additional 10%

tax shown on this line, should be included on line 14. If the

amended return also shows changes to income, deductions,

or credits unrelated to the inclusion of the deferred income,

attach a schedule showing the computation of the additional

tax due only to the inclusion of the deferred income. See also

Part III—Other Information, Question 1, later, for the

All other property. Attach a description of the property, the

date the ANST received the property, and the FMV of the

property on that date.

Revocation of prior section 247(g) election by the

ANST. Attach a copy of the statement attached to the return

on which the ANST made the election. Clearly identify on the

statement the noncash property for which the ANST is

revoking the prior election. For noncash property for which

the ANST is revoking the prior election, include on the

appropriate line of the amended return (and attach any

required supporting schedules) the additional income the

ANST recognized as a result of revoking the election. For

each property for which the ANST both revokes the election

and does not recognize additional income, attach a

statement that identifies such property and the reason for not

recognizing additional income.

Early disposition of property for which the ANST made

a section 247(g) election. An early disposition of property

for which the ANST made a section 247(g) election is a

disposition that occurs during the first tax year subsequent to

the tax year in which such property was contributed to the

ANST. Attach a copy of the statement attached to the return

on which the ANST made the election. Clearly identify on the

statement the noncash property the ANST sold or exchanged

during the tax year. For each early disposition of noncash

property, include on the appropriate line of the amended

return (and attach any required supporting schedules) the

additional income the ANST recognized. For each property

sold or exchanged for which the ANST does not recognize

additional income, attach a statement that identifies such

property and the reason for not recognizing additional

income. See also the instructions for line 18 for how to report

the additional tax due on the sale or exchange of the asset.

statement to be attached to the amended return.

Line 19—Current Year Net 965 Tax Liability Paid

If the ANST made a payment with respect to a current

year net 965 tax liability resulting from an S-corporation

triggering event, enter on line 19 the amount of the payment

reported on Form 965-A, Part II, column (k), for the current

year.

Line 20—Payments

Include on line 20 any:

Estimated tax payments made for the tax year;

Tax paid with a request for an extension of time to file;

Federal income tax withheld (for example, backup

•

withholding);

Payment made in the current year with respect to a net

•

965 tax liability; and

Credit for tax paid on undistributed capital gains. Attach

•

Copy B of Form 2439, Notice to Shareholder of Undistributed

Long-Term Capital Gains.

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Instructions for Form 1041-N (Rev. 12-2022)

Question 2

Question 5

The ANST may be required to file Form 3520, Annual Return

To Report Transactions With Foreign Trusts and Receipt of

Certain Foreign Gifts, if any of the following apply.

To make the section 643(e)(3) election to recognize gain on

property distributed in kind, check the box and complete

Schedule D. For more information, see Section 643(e)(3)

Election, later.

It directly or indirectly transferred property or money to a

•

foreign trust. For this purpose, any U.S. person who created

a foreign trust is considered a transferor.

Schedule D—Capital Gains and

Losses

General Instructions

Purpose of Schedule

It is treated as the owner of any part of the assets of a

•

foreign trust under the grantor trust rules.

It received a distribution from a foreign trust.

•

Note. An owner of a foreign trust must ensure that the trust

files Form 3520-A, Annual Information Return of Foreign

Trust With a U.S. Owner.

Use Schedule D to report gains and losses from the sale or

exchange of capital assets by an ANST.

Question 3

Check the “Yes” box and enter the name of the foreign

Details of each transaction must be reported on this

schedule. If there are more transactions than spaces on

line 1 or 5, you can report the transactions on an attached

statement containing all the same information as Schedule D

using a similar format. Enter on Schedule D, lines 1 and 5, as

appropriate, the totals from all attached statements for lines 1

and 5.

country if either (1) or (2) below applies.

1. The ANST owns more than 50% of the stock in any

corporation that owns one or more foreign bank accounts.

2. At any time during the year, the ANST had an interest

in or signature or other authority over a bank, securities, or

other financial account in a foreign country.

Exception. Check “No” if either of the following applies to the

Other Forms You May Have To File

ANST.

The combined value of the accounts was $10,000 or less

•

Use Form 461, Limitation on Business Losses, to report the

excess business loss that is reported on your noncorporate

tax return.

during the whole year.

The accounts were with a U.S. military banking facility

•

operated by a U.S. financial institution.

Use Form 965-A, Individual Report of Net 965 Tax

Liability, to report the net 965 tax liability.

Refer to FinCEN Form 114, Report of Foreign Bank and

Financial Accounts (FBAR), to see if the ANST is considered

to have an interest in or signature or other authority over a

bank, securities, or other financial account in a foreign

country.

Use Form 4797, Sales of Business Property, to report the

following.

The sale or exchange of property used in a trade or

•

business.

If you checked “Yes” for Question 3, electronically file

FinCEN Form 114 with the Department of the Treasury using

FinCEN's BSA E-Filing System. Because FinCEN Form 114

isn't a tax form, don't file it with Form 1041-N.

The sale or exchange of depreciable and amortizable

•

property.

The involuntary conversion (other than from casualty or

•

theft) of property and capital assets held for business or

profit.

Go to www.FINCEN.gov for more information.

The disposition of noncapital assets other than inventory

•

If you are required to file FinCEN Form 114 but don't,

or property held primarily for sale to customers in the ordinary

course of trade or business.

you may have to pay a penalty of up to $10,000 (or

CAUTION

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Formulier 1041-N Instructies

Instructies voor formulier 1041-N, Amerikaanse Inkomstenbelasting Return for Electing Alaska Native Settlement Trusts

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