SCHEDULE J 

(Form 1041)

Department of the Treasury 

Internal Revenue Service

Accumulation Distribution for Certain Complex Trusts

Attach to Form 1041. 

Go to www.irs.gov/Form1041 for instructions and the latest information.

OMB No. 1545-0092

2023

Name of trust Employer identification number

Part I Accumulation Distribution in 2023

Note: See the Form 4970 instructions for certain income that minors may exclude and special rules for multiple trusts. 

1 Other amounts paid, credited, or otherwise required to be distributed for 2023 (from Form 1041, 

Schedule B, line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Distributable net income for 2023 (from Form 1041, Schedule B, line 7) . . . . 2

3 Income required to be distributed currently for 2023 (from Form 1041, Schedule B, 

line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . 4

5 Accumulation distribution for 2023. Subtract line 4 from line 1 . . . . . . . . . . . . . 5

Part II Ordinary Income Accumulation Distribution (Enter the applicable throwback years below.) 

Note: If the distribution is thrown back to more 

than 5 years (starting with the earliest applicable 

tax year beginning after 1968), attach additional 

schedules. (If the trust was a simple trust, see 

Regulations section 1.665(e)-1A(b).) 

Throwback 

year ending

Throwback 

year ending

Throwback 

year ending

Throwback 

year ending

Throwback 

year ending

6 Distributable net income (see 

the instructions) . . . . . 6

7 Distributions (see the 

instructions) . . . . . . 7

8 Subtract line 7 from line 6 . 8

9 Enter amount from page 2, 

line 25 or line 31, as 

applicable . . . . . . 9

10 Undistributed net income. 

Subtract line 9 from line 8 . 10

11 Enter amount of prior 

accumulation distributions 

thrown back to any of these 

years . . . . . . . . 11

12 Subtract line 11 from line 10 . 12

13 Allocate the amount on line 5 

to the earliest applicable year 

first. Do not allocate an 

amount greater than line 12 

for the same year. See the 

instructions . . . . . . 13

14 Divide line 13 by line 10 and 

multiply result by amount on 

line 9 . . . . . . . . 14

15 Add lines 13 and 14 . . . 15

16 Tax-exempt interest included 

on line 13 (see the 

instructions) . . . . . . 16

17 Subtract line 16 from line 15 . 17

For Paperwork Reduction Act Notice, see the Instructions for Form 1041. Cat. No. 11382Z Schedule J (Form 1041) 2023
Schedule J (Form 1041) 2023 Page 2 

Part III Taxes Imposed on Undistributed Net Income (Enter the applicable throwback years below.) (See the instructions.) 

Note: If more than 5 throwback years are involved, attach additional schedules. If the trust received an accumulation distribution from 

another trust, see Regulations section 1.665(d)-1A. 

If the trust elected the alternative tax 

on capital gains (repealed for tax years 

beginning after 1978), skip lines 18 

through 25 and complete lines 26 

through 31.

Do not complete lines 26 through 31 

unless the trust elected the 

alternative tax on long-term capital 

gain. 

Throwback 

year ending

Throwback 

year ending

Throwback 

year ending

Throwback 

year ending

Throwback 

year ending

18 Regular tax . . . . . . 18

19 Trust’s share of net short-term 

gain . . . . . . . . 19

20 Trust’s share of net long-term 

gain . . . . . . . . 20

21 Add lines 19 and 20 . . . 21

22 Taxable income . . . . . 22

23 Enter percent. Divide line 21 

by line 22, but do not enter 

more than 100% . . . . 23 % % % % %

24 Multiply line 18 by the 

percentage on line 23 . . . 24

25 Tax on undistributed net 

income. Subtract line 24 from 

line 18. Enter here and on 

page 1, line 9 . . . . . 25

 

26 Tax on income other than 

long-term capital gain . . . 26

27 Trust’s share of net short-term 

gain . . . . . . . . 27

28 Trust’s share of taxable 

income less section 1202 

deduction . . . . . . . 28

29 Enter percent. Divide line 27 

by line 28, but do not enter 

more than 100% . . . . 29 % % % % %

30 Multiply line 26 by the 

percentage on line 29 . . . 30

31 Tax on undistributed net 

income. Subtract line 30 from 

line 26. Enter here and on 

page 1, line 9 . . . . . 31

Part IV Allocation to Beneficiary

Note: Be sure to complete Form 4970, Tax on Accumulation Distribution of Trusts. 

Beneficiary’s name Identifying number

Beneficiary’s address (number and street including apartment number or P.O. box)

City, state, and ZIP code

(a) 

This 

beneficiary’s 

share of 

line 13 

(b) 

This 

beneficiary’s 

share of 

line 14 

(c) 

This 

beneficiary’s 

share of 

 line 16 

32 Throwback year . . . . . . . . . . . . . 32

33 Throwback year . . . . . . . . . . . . . 33

34 Throwback year . . . . . . . . . . . . . 34

35 Throwback year . . . . . . . . . . . . . 35

36 Throwback year . . . . . . . . . . . . . 36

37 Total. Add lines 32 through 36. Enter here and on the appropriate 

lines of Form 4970 . . . . . . . . . . . . . . . . 37

Schedule J (Form 1041) 2023