-
TIN:
Form
990-T
Department of the Treasury
Internal Revenue Service
Exempt Organization Business Income Tax Return
(and proxy tax under section 6033(e))
For calendar year 2024 or other tax year beginning
07-01-2024
and ending
06-30-2025
Go to
www.irs.gov/Form990T
for instructions and the latest information.
Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3).
OMB No. 1545-0047
20
24
Open to Public Inspection for 501(c)(3) Organizations Only
A
Check box if address changed.
B
Exempt under section
501(
c3
)
408(e)
220(e)
408A
530(a)
529(a)
529A
Print or Type
Name of organization (
Check box if name changed and see instructions.)
TRUSTEES OF THE UNIV OF PENNA RETIREE ME
DEATH BENEFITS TRUST
Number, street, and room or suite no. If a P.O. box, see instructions.
3451 WALNUT STREET ROOM 310
City or town, state or province, and ZIP or foreign postal code
PHILADELPHIA
,
PA
191046221
C
Book value of all assets at end of year
.....
910,178,615
D
Employer identification number
23-2769744
E
Group exemption number
(see instructions)
F
Check box if an amended return.
G
Check organization type
501(c) corporation
501(c) trust
401(a) trust
Other trust
State college/university
6417(d)(1)(A) Applicable entity
H
Check if filing only to claim
Credit from Form 8941
Refund shown on Form 2439
Elective payment amount from Form 3800
I
Check if a 501(c)(3) organization filing a consolidated return with a 501(c)(2) titleholding corporation
.........
J
Enter the number of attached Schedules A (Form 990-T)
List of Attached Documents:
// Content
...............
1
K
During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?
...
Yes
No
If "Yes," enter the name and identifying number of the parent corporation
L
The books are in care of
MICHAEL A LUKASEK
3451 WALNUT STREET
PHILADELPHIA
,
PA
191046284
Telephone number
(215) 746-8243
Part I
Total Unrelated Business Taxable Income
1
Total of unrelated business taxable income computed from all unrelated trades or businesses (see instructions)
..............................
1
52,310
2
Reserved
..............................
2
3
Add lines 1 and 2
............................
3
52,310
4
Charitable contributions (see instructions for limitation rules)
..............
4
8,231
5
Total unrelated business taxable income before net operating losses. Subtract line 4 from line 3
....
5
44,079
6
Deduction for net operating loss. See instructions
List of Attached Documents:
// Content
.................
6
0
7
Total of unrelated business taxable income before specific deduction and section 199A deduction.
Subtract line 6 from line 5
.........................
7
44,079
8
Specific deduction (generally $1,000, but see instructions for exceptions)
..........
8
1,000
9
Trusts.
Section 199A deduction. See instructions
.................
9
10
Total deductions.
Add lines 8 and 9
......................
10
1,000
11
Unrelated business taxable income.
Subtract line 10 from line 7. If line 10 is greater than line 7, enter zero
................................
11
43,079
Part II
Tax Computation
1
Organizations taxable as corporations.
Multiply Part I, line 11 by 21% (0.21)
.......
1
2
Trusts taxable at trust rates.
See instructions for tax computation. Income tax on the amount on
Part I, line 11 from:
Tax rate schedule or
Schedule D (Form 1041)
List of Attached Documents:
// Content
........
2
7,371
3
Proxy tax.
See instructions
.......................
3
4a
Amount from Form 4255, Part l, line 3, column (q)
..................
4a
4b
Other tax amounts. See instructions
....................
4b
5
Alternative minimum tax
List of Attached Documents:
// Content
.........................
5
2,492
6
Tax on noncompliant facility income.
See instructions
................
6
7
Total.
Add lines 3 through 6 to line 1 or 2, whichever applies
...............
7
9,863
Part III
Tax and Payments
1a
Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116)
1a
b
Other credits (see instructions)
..............
1b
c
General business credit. Attach Form 3800 (see instructions)
.....
1c
List of Attached Documents:
// Content
0
d
Credit for prior year minimum tax (attach Form 8801 or 8827)
....
1d
e
Total credits.
Add lines 1a through 1d
.....................
1e
0
2
Subtract line 1e from Part II, line 7
.......................
2
9,863
3a
Amount from Form 4255, Part l, line 3, column (r) (see instructions)
..
3a
b
Amount due from Form 8611
...............
3b
c
Amount due from Form 8697
...............
3c
d
Amount due from Form 8866
...............
3d
e
Other amounts due (see instructions)
............
3e
f
Total amounts due. Add lines 3a through 3e
..................
3f
4
Total tax.
Add lines 2 and 3f (see instructions).
Check if includes tax previously deferred under
section 1294. Enter the tax amount here
4
9,863
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11291J
Form
990-T
(2024)
Form 990-T (2024)
Page
2
Part III
Tax and Payments
(continued)
5
Current net 965 tax liability paid from Form 965-A, Part II, column (k)
...........
5
6a
Payments: Preceding year's overpayment credited to the current year
..
6a
48,832
b
Current Year's estimated tax payments. Check if section 643(g) election applies
6b
c
Tax deposited with Form 8868
..............
6c
d
Foreign organizations: Tax paid or withheld at source (see instructions)
.
6d
e
Backup withholding (see instructions)
............
6e
f
Credit for small employer health insurance premiums (attach Form 8941)
.
6f
g
Elective payment election amount from Form 3800
........
6g
h
Payment from Form 2439
................
6h
i
Credit from Form 4136
.................
6i
j
Other (see instructions)
................
6j
7
Total payments.
Add lines 6a through 6j
.....................
7
48,832
8
Estimated tax penalty (see instructions). Check if Form 2220 is attached
........
8
9
Tax due.
If line 7 is smaller than the total of lines 4, 5, and 8, enter amount owed
.......
9
10
Overpayment.
If line 7 is larger than the total of lines 4, 5, and 8, enter amount overpaid
....
10
38,969
11
Enter the amount of line 10 you want:
Credited to 2025 estimated tax
38,969
Refunded
11
Part IV
Statements Regarding Certain Activities and Other Information
(see instructions)
1
At any time during the 2024 calendar year, did the organization have an interest in or a signature or other authority over a financial account (bank, securities, or other) in a foreign country? If "Yes," the organization may have to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts. If "Yes," enter the name of the foreign country here
Yes
No
No
2
During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?
No
If "Yes," see instructions for other forms the organization may have to file.
3
Enter the amount of tax-exempt interest received or accrued during the tax year
.....
$
4
Enter available pre-2018 NOL carryovers here. $
. Do not include any post-2017 NOL carryover shown on Schedule A (Form 990-T). Don't reduce the NOL carryover shown here by any deduction reported on Part I, line 4.
5
Post-2017 NOL carryovers. Enter the Business Activity Code and available post-2017 NOL carryovers. Don't reduce the amounts shown below by any NOL claimed on any Schedule A, Part II, line 17 for the tax year. See instructions.
Business activity code
Available post-2017 NOL carryover
$
$
$
$
6a
Reserved for future use
.................................
b
Reserved for future use
.................................
Part V
Supplemental Information
Provide any additional information. See instructions.
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Signature of officer
Date
Title
May the IRS discuss this return with the preparer shown below (see instructions)?
Yes
No
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
Check
if
self-employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-T
(2024)
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE A
(Form 990-T)
Department of the Treasury
Internal Revenue Service
Unrelated Business Taxable Income
From an Unrelated Trade or Business
Go to
www.irs.gov/Form990T
for instructions and the latest information.
Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3).
OMB No. 1545-0047
20
24
Open to Public Inspection for 501(c)(3) Organizations Only
A
Name of the organization
TRUSTEES OF THE UNIV OF PENNA RETIREE ME
DEATH BENEFITS TRUST
B
Employer identification number
23-2769744
C
Unrelated business activity code (see instructions)
901101
D
Sequence:
1
of
1
E
Describe the unrelated trade or business
INVESTMENT ACTIVITIES
Part I
Unrelated Trade or Business Income
(A) Income
(B) Expenses
(C) Net
1a
Gross receipts or sales
b
Less returns and allowances
c
Balance
1c
2
Cost of goods sold (Part III, line 8)
.........
2
3
Gross profit. Subtract line 2 from line 1c
.......
3
4a
Capital gain net income (attach Sch D (Form 1041 or Form
1120)) (see instructions)
............
4a
List of Attached Documents:
// Content
496,563
496,563
b
Net gain (loss) (Form 4797) (attach Form 4797)
(see instructions)
4b
c
Capital loss deduction for trusts
4c
5
Income (loss) from a partnership or an S corporation (attach statement)
................
5
List of Attached Documents:
// Content
-190,007
-190,007
6
Rent income (Part IV)
.............
6
7
Unrelated debt-financed income (Part V)
.......
7
8
Interest, annuities, royalties, and rents from a controlled
organization (Part VI)
.............
8
9
Investment income of section 501(c)(7), (9), or (17)
organizations (Part VII)
............
9
10
Exploited exempt activity income (Part VIII)
......
10
11
Advertising income (Part IX)
...........
11
12
Other income (see instructions; attach statement)
....
12
13
Total.
Combine lines 3 through 12
.........
13
306,556
0
306,556
Part II
Deductions Not Taken Elsewhere
(See instructions for limitations on deductions) Deductions must be directly connected with the unrelated business income
1
Compensation of officers, directors, and trustees (Part X)
.................
1
2
Salaries and wages
............................
2
3
Repairs and maintenance
..........................
3
4
Bad debts
...............................
4
5
Interest (attach statement) (see instructions)
List of Attached Documents:
// Content
...................
5
61,441
6
Taxes and licenses
.............................
6
11,450
7
Depreciation (attach Form 4562) (see instructions)
.........
7
8
Less depreciation claimed in Part III and elsewhere on return
.....
8a
8b
9
Depletion
...............................
9
97,146
10
Contributions to deferred compensation plans
.....................
10
11
Employee benefit programs
..........................
11
12
Excess exempt expenses (Part VIII)
.......................
12
13
Excess readership costs (Part IX)
........................
13
14
Other deductions (attach statement)
List of Attached Documents:
// Content
......................
14
40,729
15
Total deductions.
Add lines 1 through 14
.....................
15
210,766
16
Unrelated business income before net operating loss deduction. Subtract line 15 from Part I, line 13, column (C)
16
95,790
17
Deduction for net operating loss (see instructions)
List of Attached Documents:
// Content
..................
17
43,480
18
Unrelated business taxable income.
Subtract line 17 from line 16
.............
18
52,310
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 74036O
Schedule A (Form 990-T) 2024
Schedule A (Form 990-T) 2024
Page
2
Part III
Cost of Goods Sold
Enter method of inventory valuation
1
Inventory at beginning of year
........................
1
2
Purchases
...............................
2
3
Cost of labor
..............................
3
4
Additional section 263A costs (attach statement)
..................
4
5
Other costs (attach statement)
........................
5
6
Total.
Add lines 1 through 5
..........................
6
7
Inventory at end of year
...........................
7
8
Cost of goods sold.
Subtract line 7 from line 6. Enter here and in Part I, line 2
..........
8
9
Do the rules of section 263A (with respect to property produced or acquired for resale) apply to the organization?
Yes
No
Part IV
Rent Income (From Real Property and Personal Property Leased with Real Property)
1
Description of property (property street address, city, state, ZIP code). Check if a dual-use (see instructions)
A
B
C
D
A
B
C
D
2
Rent received or accrued
a
From personal property (if the percentage of rent for personal property is more than 10% but not more than 50%)
......
b
From real and personal property (if the percentage of rent for personal property exceeds 50% or if the rent is based on profit or income)
..........
c
Total rents received or accrued by property. Add lines 2a and 2b, columns A through D
.
3
Total rents received or accrued. Add line 2c columns A through D. Enter here and on Part I, line 6, column (A)
.
4
Deductions directly connected with the income in lines 2(a) and 2(b) (attach statement)
.
5
Total deductions.
Add line 4 columns A through D. Enter here and on Part I, line 6, column (B)
.....
Part V
Unrelated Debt-Financed Income
(see instructions)
1
Description of debt-financed property (street address, city, state, ZIP code). Check if a dual-use (see instructions)
A
B
C
D
A
B
C
D
2
Gross income from or allocable to debt-financed property
........
3
Deductions directly connected with or allocable to debt-financed property
a
Straight line depreciation (attach statement)
b
Other deductions (attach statement)
...
c
Total deductions (add lines 3a and 3b, columns A through D)
..........
4
Amount of average acquisition debt on or allocable to debt-financed property (attach statement)
...........
5
Average adjusted basis of or allocable to debt-financed property (attach statement)
...
6
Divide line 4 by line 5
.......
%
%
%
%
7
Gross income reportable. Multiply line 2 by line 6
8
Total gross income
(add line 7, columns A through D). Enter here and on Part I, line 7, column (A)
....
9
Allocable deductions. Multiply line 3c by line 6
10
Total allocable deductions.
Add line 9, columns A through D. Enter here and on Part I, line 7, column (B)
..
11
Total dividends-received deductions
included in line 10
.................
Schedule A (Form 990-T) 2024
Schedule A (Form 990-T) 2024
Page
3
Part VI
Interest, Annuities, Royalties, and Rents from Controlled Organizations
(see instructions)
1.
Name of controlled organization
2.
Employer identification number
Exempt Controlled Organizations
3.
Net unrelated income (loss)
(see instructions)
4.
Total of specified payments made
5.
Part of column 4 that is included
in the controlling organization's
gross income
6.
Deductions directly connected with income in column 5
(1)
(2)
(3)
(4)
Nonexempt Controlled Organizations
7.
Taxable income
8.
Net unrelated
income (loss)
(see instructions)
9.
Total of specified payments made
10.
Part of column 9
that is included in the
controlling organization's
gross income
11.
Deductions directly connected with
income in column 10
(1)
(2)
(3)
(4)
Add columns 5 and 10.
Enter here and on Part I,
line 8, column (A)
Add columns 6 and 11.
Enter here and on Part I,
line 8, column (B)
Totals
.........................
Part VII
Investment Income of a Section 501(c)(7), (9), or (17) Organization
(see instructions)
1.
Description of income
2.
Amount of income
3.
Deductions directly connected
(attach statement)
4.
Set-asides
(attach statement)
5. Total deductions and set-asides
(add columns 3 and 4)
(1)
(2)
(3)
(4)
Totals
.........
Add amounts in column 2.
Enter here and on Part I,
line 9, column (A)
Add amounts in column 5.
Enter here and on Part I,
line 9, column (B)
Part VIII
Exploited Exempt Activity Income, Other Than Advertising Income
(see instructions)
1
Description of exploited activity:
2
Gross unrelated business income from trade or business. Enter here and on Part I, line 10, column (A)
...
2
3
Expenses directly connected with production of unrelated business income. Enter here and on Part I, line 10, column (B)
...............................
3
4
Net income (loss) from unrelated trade or business. Subtract line 3 from line 2. If a gain, complete
lines 5 through 7
.............................
4
5
Gross income from activity that is not unrelated business income
..............
5
6
Expenses attributable to income entered on line 5
...................
6
7
Excess exempt expenses. Subtract line 5 from line 6, but do not enter more than the amount on line 4. Enter here and on Part II, line 12
..........................
7
Schedule A (Form 990-T) 2024
Schedule A (Form 990-T) 2024
Page
4
Part IX
Advertising Income
1
Name(s) of periodical(s). Check box if reporting two or more periodicals on a consolidated basis.
A
B
C
D
Enter amounts for each periodical listed above in the corresponding column.
A
B
C
D
2
Gross advertising income
......
a
Add columns A through D. Enter here and on Part I, line 11, column (A)
.............
3
Direct advertising costs by periodical
..
a
Add columns A through D. Enter here and on Part I, line 11, column (B)
.............
4
Advertising gain (loss). Subtract line 3 from line 2. For any column in line 4 showing a gain, complete lines 5 through 8. For any column in line 4 showing a loss or zero, do not complete lines 5 through 7, and enter zero on line 8
............
5
Readership costs
........
6
Circulation income
........
7
Excess readership costs. If line 6 is less than line 5, subtract line 6 from line 5. If line 5 is less than line 6, enter zero
.....
8
Excess readership costs allowed as a deduction. For each column showing a gain on line 4, enter the lesser of line 4 or line 7
.
a
Add line 8, columns A through D. Enter the greater of the line 8a, columns total or zero here and on Part II, line 13
Part X
Compensation of Officers, Directors, and Trustees
(see instructions)
1.
Name
2.
Title
3.
Percentage
of time devoted
to business
4.
Compensation
attributable to
unrelated business
(1)
(2)
(3)
(4)
Total.
Enter here and on Part II, line 1
.........................
Part XI
Supplemental Information
(see instructions)
Schedule A (Form 990-T) 2024
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE D
(Form 1041)
List of Attached Documents:
// Content
Department of the Treasury
Internal Revenue Service
Capital Gains and Losses
Attach to Form 1041, Form 5227, or Form 990-T.
Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.
Go to
www.irs.gov/Form1041
for instructions and the lastest information.
OMB No. 1545-0092
20
24
Name of estate or trust
TRUSTEES OF THE UNIV OF PENNA RETIREE ME
DEATH BENEFITS TRUST
Employer identification number
23-2769744
Note:
Form 5227 filers need to complete
only
Parts I and II.
Did you dispose of any investment(s) in a qualified opportunity fund during the tax year?
Yes.
No.
If "Yes",attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss.
Part I
Short-Term Capital Gains and LossesAssets Held One Year or Less (see instructions)
See instructions for how to figure the amounts to enter on the lines below.
This form may be easier to complete if you round off cents to whole dollars.
(d)
Proceeds
(sales price)
(e)
Cost
(or other basis)
(g)
Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g)
(h)
Gain or (loss)
Subtract column (e) from column (d) and combine the result with column (g)
1a
Totals for all short-term transactions reported
on Form 1099-B for which basis was reported
to the IRS and for which you have no
adjustments (see instructions). However, if
you choose to report all these transactions
on Form 8949, leave this line blank and go
to line 1b
...........
1b
Totals for all transactions reported on Form(s) 8949
with
Box A
checked
.........
2
Totals for all transactions reported on Form(s) 8949
with
Box B
checked
.........
3
Totals for all transactions reported on Form(s) 8949
with
Box C
checked
.........
4
Short-term capital gain or (loss) from Forms 4684, 6252, 6781, and 8824
..........
4
5
Net short-term gain or (loss) from partnerships, S corporations, and other estates or trusts
....
5
43,757
6
Short-term capital loss carryover. Enter the amount, if any, from line 9 of the 2023 Capital Loss
Carryover Worksheet
...........................
6
(
)
7
Net short-term capital gain or (loss).
Combine lines 1a through 6 in column (h). Enter here and on Part III,
line 17, column (3)
........................
7
43,757
Part II
Long-Term Capital Gains and LossesAssets Held More Than One Year (see instructions)
See instructions for how to figure the amounts to enter on the lines below.
This form may be easier to complete if you round off cents to whole dollars.
(d)
Proceeds
(sales price)
(e)
Cost
(or other basis)
(g)
Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g)
(h)
Gain or (loss)
Subtract column (e) from column (d) and combine the result with column (g)
8a
Totals for all long-term transactions reported
on Form 1099-B for which basis was reported
to the IRS and for which you have no
adjustments (see instructions). However, if
you choose to report all these transactions
on Form 8949, leave this line blank and go
to line 8b
...........
8b
Totals for all transactions reported on Form(s) 8949
with
Box D
checked
.........
-21
9
Totals for all transactions reported on Form(s) 8949
with
Box E
checked
.........
10
Totals for all transactions reported on Form(s) 8949
with
Box F
checked
.........
11
Long-term capital gain or (loss) from Forms 2439, 4684, 6252, 6781, and 8824
........
11
12
Net long-term gain or (loss) from partnerships, S corporations, and other estates or trusts
.....
12
142,091
13
Capital gain distributions
..........................
13
14
Gain from Form 4797, Part I
.........................
14
310,736
15
Long-term capital loss carryover. Enter the amount, if any, from line 14 of the 2023 Capital Loss
Carryover Worksheet
...........................
15
(
)
16
Net long-term capital gain or (loss).
Combine lines 8a through 15 in column (h). Enter here and on Part III,
line 18a, column (3)
......................
16
452,806
For Paperwork Reduction Act Notice, see the Instructions for Form 1041.
Cat. No. 11376V
Schedule D (Form 1041) 2024
Schedule D (Form 1041) 2024
Page
2
Part III
Summary of Parts I and II
Caution:
Read the instructions
before
completing this part.
(1)
Beneficiaries’
(see instr.)
(2)
Estate’s
or trust’s
(3)
Total
17
Net short-term gain or (loss)
........
17
43,757
43,757
18
Net long-term gain or (loss):
a
Total for year
..............
18a
452,806
452,806
b
Unrecaptured section 1250 gain (see line 18 of the
wrksht.)
...............
18b
3,033
3,033
c
28% rate gain
..............
18c
19
Total net gain or (loss).
Combine lines 17 and 18a
19
496,563
496,563
Note:
If line 19, column (3), is a net gain, enter the gain on Form 1041, line 4 (or Schedule A (Form 990-T), Part I, line 4a). If lines 18a and 19, column (2), are net gains, go to Part V, and
don't
complete Part IV. If line 19, column (3), is a net loss, complete Part IV and the
Capital Loss Carryover Worksheet,
as necessary.
Part IV
Capital Loss Limitation
20
Enter here and enter as a (loss) on Form 1041, line 4 (or Schedule A (Form 990-T), Part I, line 4c, if a trust), the
smaller
of:
a
The loss on line 19, column (3)
or b
$3,000
....................
20
(
0
)
Note:
If the loss on line 19, column (3), is more than $3,000,
or
if Form 1041, page 1, line 23 (or Form 990-T, Part I, line 11), is a loss, complete the
Capital Loss Carryover Worksheet
in the instructions to figure your capital loss carryover.
Part V
Tax Computation Using Maximum Capital Gains Rates
Form 1041 filers.
Complete this part
only
if both lines 18a and 19 in column (2) are gains, or an amount is entered in Part I or Part II and there is an entry on Form 1041, line 2b(2),
and
Form 1041, line 23, is more than zero.
Caution:
Skip this part and complete the
Schedule D Tax Worksheet
in the instructions if:
•
Either line 18b, col. (2) or line 18c, col. (2) is more than zero, or
•
Both Form 1041, line 2b(1), and Form 4952, line 4g are more than zero, or
•
There are amounts on lines 4e and 4g of Form 4952.
Form 990-T trusts.
Complete this part
only
if both lines 18a and 19 are gains, or qualified dividends are included in income in Part I of Form 990-T,
and
Form 990-T, Part I, line 11, is more than zero. Skip this part and complete the
Schedule D Tax Worksheet
in the instructions if either line 18b, col. (2) or line 18c, col. (2) is more than zero.
21
Enter taxable income from Form 1041, line 23 (or Form 990-T, Part I, line 11)
21
0
22
Enter the
smaller
of line 18a or 19 in
column (2) but not less than zero
...
22
0
23
Enter the estate’s or trust’s qualified
dividends from Form 1041, line 2b(2) (or
enter the qualified dividends included in
income in Part I of Form 990-T)
....
23
0
24
Add lines 22 and 23
.......
24
0
25
If the estate or trust is filing Form 4952,
enter the amount from line 4g; otherwise,
enter -0-
..........
25
0
26
Subtract line 25 from line 24. If zero or less, enter -0-
......
26
0
27
Subtract line 26 from line 21. If zero or less, enter -0-
......
27
0
28
Enter the
smaller
of the amount on line 21 or $3,150
.......
28
0
29
Enter the
smaller
of the amount on line 27 or line 28
.......
29
0
30
Subtract line 29 from line 28. If zero or less, enter -0-. This amount is taxed at 0%
......
30
0
31
Enter the
smaller
of line 21 or line 26
............
31
0
32
Subtract line 30 from line 26
...............
32
0
33
Enter the
smaller
of line 21 or $15,450
...........
33
0
34
Add lines 27 and 30
.................
34
0
35
Subtract line 34 from line 33. If zero or less, enter -0-
......
35
0
36
Enter the
smaller
of line 32 or line 35
...........
36
0
37
Multiply line 36 by 15% (0.15)
.......................
37
0
38
Enter the amount from line 31
..............
38
0
39
Add lines 30 and 36
.................
39
0
40
Subtract line 39 from line 38. If zero or less, enter -0-
......
40
0
41
Multiply line 40 by 20% (0.20)
.......................
41
0
42
Figure the tax on the amount on line 27. Use the 2024 Tax Rate Schedule
for Estates and Trusts (see the Schedule G instructions in the Instructions
for Form 1041)
...................
42
0
43
Add lines 37, 41, and 42
................
43
0
44
Figure the tax on the amount on line 21. Use the 2024 Tax Rate Schedule
for Estates and Trusts (see the Schedule G instructions in the Instructions
for Form 1041)
...................
44
0
45
Tax on all taxable income.
Enter the
smaller
of line 43 or line 44 here and on Form 1041, Schedule G,
Part I, line 1a (or Form 990-T, Part II, line 2)
..................
45
7,371
Schedule D (Form 1041) 2024
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE I
(Form 1041)
Department of the Treasury
Internal Revenue Service
Alternative Minimum Tax
Estates and Trusts
Attach to Form 1041.
Go to
www.irs.gov/Form1041
for instructions and the latest information.
OMB No. 1545-0092
20
24
Name of estate or trust
Employer identification number
23-2769744
Part I
Estate's or Trust's Share of Alternative Minimum Taxable Income
1
Adjusted total income or (loss) (from Form 1041, line 17).
ESBTs,
see instructions
........
1
44,079
2
Interest
...............................
2
0
3
Taxes
................................
3
11,450
4
Refund of taxes
.............................
4
(
)
5
Depletion (difference between regular tax and AMT)
.................
5
6
Net operating loss deduction. Enter as a positive amount
...............
6
7
Interest from specified private activity bonds exempt from the regular tax
..........
7
8
Qualified small business stock (see instructions)
..................
8
9
Exercise of incentive stock options (excess of AMT income over regular tax income)
......
9
10
Other estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code A)
.......
10
11
Disposition of property (difference between AMT and regular tax gain or loss)
.........
11
14
12
Depreciation on assets placed in service after 1986 (difference between regular tax and AMT)
...
12
13
Passive activities (difference between AMT and regular tax income or loss)
..........
13
-2
14
Loss limitations (difference between AMT and regular tax income or loss)
...........
14
15
Circulation costs (difference between regular tax and AMT)
...............
15
16
Long-term contracts (difference between AMT and regular tax income)
...........
16
17
Mining costs (difference between regular tax and AMT)
................
17
18
Research and experimental costs (difference between regular tax and AMT)
.........
18
19
Income from certain installment sales before January 1, 1987
..............
19
(
)
20
Intangible drilling costs preference
.......................
20
21
Other adjustments, including income-based related adjustments
.............
21
0
22
Alternative tax net operating loss deduction (See the instructions for the limitation that applies.)
...
22
(
)
23
Adjusted alternative minimum taxable income. Combine lines 1 through 22
..........
23
55,541
Complete Part II below before going to line 24.
24
Income distribution deduction from Part II, line 42
........
24
25
Estate tax deduction (from Form 1041, line 19)
.........
25
26
Add lines 24 and 25
..........................
26
27
Estate's or trust's share of alternative minimum taxable income. Subtract line 26 from line 23
...
27
55,541
If line 27 is:
• $29,900 or less, stop here and enter -0- on Form 1041, Schedule G, line 1c. The estate or trust isn't liable for the alternative minimum tax.
• Over $29,900, but less than $219,300, go to line 43.
• $219,300 or more, enter the amount from line 27 on line 49 and go to line 50.
•
ESBT's,
see instructions.
Part II
Income Distribution Deduction on a Minimum Tax Basis
28
Adjusted alternative minimum taxable income (see instructions)
.............
28
55,541
29
Adjusted tax-exempt interest (other than amounts included on line 7)
...........
29
0
30
Total net gain from Schedule D (Form 1041), line 19, column (1). If a loss, enter -0-
.......
30
31
Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable
purposes (from Form 1041, Schedule A, line 4)
...................
31
32
Capital gains paid or permanently set aside for charitable purposes from gross income (see instructions)
32
33
Capital gains computed on a minimum tax basis included on line 23
............
33
(
496,577
)
34
Capital losses computed on a minimum tax basis included on line 23. Enter as a positive amount
..
34
35
Distributable net alternative minimum taxable income (DNAMTI). Combine lines 28 through 34. If zero
or less, enter -0-
...........................
35
36
Income required to be distributed currently (from Form 1041, Schedule B, line 9)
........
36
37
Other amounts paid, credited, or otherwise required to be distributed (from Form 1041, Schedule B, line 10)
37
38
Total distributions. Add lines 36 and 37
.....................
38
39
Tax-exempt income included on line 38 (other than amounts included on line 7)
........
39
0
40
Tentative income distribution deduction on a minimum tax basis. Subtract line 39 from line 38
...
40
For Paperwork Reduction Act Notice, see the Instructions for Form 1041.
Cat. No. 51517Q
Schedule I (Form 1041) (2024)
Schedule I (Form 1041) (2024)
Page
2
Part II
Income Distribution Deduction on a Minimum Tax Basis
(continued)
41
Tentative income distribution deduction on a minimum tax basis. Subtract line 29 from line 35. If zero or
less, enter -0-
............................
41
42
Income distribution deduction on a minimum tax basis.
Enter the smaller of line 40 or line 41. Enter here
and on line 24
............................
42
Part III
Alternative Minimum Tax
43
Exemption amount
............................
43
$29,900
44
Enter the amount from line 27
...............
44
55,541
45
Phase-out of exemption amount
..............
45
$99,700
46
Subtract line 45 from line 44. If zero or less, enter -0-
.......
46
0
47
Multiply line 46 by 25% (0.25)
.........................
47
0
48
Subtract line 47 from line 43. If zero or less, enter -0-
.................
48
0
49
Subtract line 48 from line 44
.........................
49
55,541
50
Go to Part IV of Schedule I to figure line 50 if the estate or trust has qualified dividends or has a gain on lines 18a and 19 of column (2) of Schedule D (Form 1041) (as refigured for the AMT, if necessary). Otherwise, if line 49 is:
• $232,600 or less, multiply line 49 by 26% (0.26).
• Over $232,600, multiply line 49 by 28% (0.28) and subtract $4,652 from the result
......
50
9,863
51
Alternative minimum foreign tax credit (see instructions)
................
51
52
Tentative minimum tax. Subtract line 51 from line 50
.................
52
9,863
53
Enter the tax from Form 1041, Schedule G, line 1a (minus any foreign tax credit from Schedule G, line 2a)
53
7,371
54
Alternative minimum tax.
Subtract line 53 from line 52. If zero or less, enter -0-. Enter here and on Form
1041, Schedule G, line 1c
..........................
54
2,492
Part IV
Line 50 Computation Using Maximum Capital Gains Rates
Caution:
If you didn't complete Part V of Schedule D (Form 1041), the Schedule D Tax Worksheet, or the Qualified Dividends Tax Worksheet in the Instructions for Form 1041, see the instructions before completing this part.
55
Enter the amount from line 49
.......................
55
55,541
56
Enter the amount from Schedule D (Form 1041), line 26, line 13 of the Schedule D Tax Worksheet, or line 4 of the Qualified Dividends Tax Worksheet in the Instructions for Form 1041, whichever applies (as
refigured for the AMT, if necessary)
.............
56
449,773
57
Enter the amount from Schedule D (Form 1041), line 18b, column (2) (as refigured for the AMT, if necessary). If you didn't complete Schedule D for
the regular tax or the AMT, enter -0-
.............
57
3,047
58
If you didn't complete a Schedule D Tax Worksheet for the regular tax or the AMT, enter the amount from line 56. Otherwise, add lines 56 and 57 and enter the
smaller
of that result or the amount from line 10 of the
Schedule D Tax Worksheet (as refigured for the AMT, if necessary)
..
58
452,806
59
Enter the
smaller
of line 55 or line 58
......................
59
55,541
60
Subtract line 59 from line 55
.........................
60
61
If line 60 is $232,600 or less, multiply line 60 by 26% (0.26). Otherwise, multiply line 60 by 28% (0.28)
and subtract $4,652 from the result
......................
61
62
Maximum amount subject to the 0% rate
...........
62
$3,150
63
Enter the amount from line 27 of Schedule D (Form 1041), line 14 of the
Schedule D Tax Worksheet, or line 5 of the Qualified Dividends Tax
Worksheet in the instructions for Form 1041, whichever applies (as figured
for the regular tax). If you didn't complete Schedule D or either worksheet
for the regular tax, enter the amount from Form 1041, line 22;
if zero or less, enter -0-
................
63
64
Subtract line 63 from line 62. If zero or less, enter -0-
.......
64
3,150
65
Enter the
smaller
of line 55 or line 56
............
65
55,541
66
Enter the
smaller
of line 64 or line 65. This amount is taxed at 0%
...
66
3,150
67
Subtract line 66 from line 65
...............
67
52,391
Schedule I (Form 1041) (2024)
Schedule I (Form 1041) (2024)
Page
3
Part IV
Line 50 Computation Using Maximum Capital Gains Rates
(continued)
68
Maximum amount subject to rates below 20%
.........
68
$15,450
69
Enter the amount from line 64
..............
69
3,150
70
Enter the amount from line 27 of Schedule D (Form 1041), line 18 of the
Schedule D Tax Worksheet, or line 5 of the Qualified Dividends Tax
Worksheet, whichever applies (as figured for the regular tax). If you didn't
complete Schedule D or either worksheet for the regular tax, enter the
amount from Form 1041, line 22; if zero or less, enter -0-
....
70
71
Add lines 69 and 70
..................
71
3,150
72
Subtract line 71 from line 68. If zero or less, enter -0-
......
72
12,300
73
Enter the
smaller
of line 67 or 72
..............
73
12,300
74
Multiply line 73 by 15% (0.15)
.......................
74
1,845
75
Add lines 66 and 73
..................
75
15,450
If lines 75 and 55 are the same, skip lines 76 through 80 and go to line 81, Otherwise, go to line 76.
76
Subtract line 75 from line 65
...............
76
40,091
77
Multiply line 76 by 20% (0.20)
.......................
77
8,018
If line 57 is zero or blank, skip lines 78 through 80 and go to line 81. Otherwise, go to line 78.
78
Add lines 60, 75, and 76
................
78
55,541
79
Subtract line 78 from line 55
...............
79
80
Multiply line 79 by 25% (0.25)
.......................
80
81
Add lines 61, 74, 77 and 80
.........................
81
9,863
82
If line 55 is $232,600 or less, multiply line 55 by 26% (0.26). Otherwise, multiply line 55 by 28% (0.28)
and subtract $4,652 from the result
.......................
82
14,441
83
Enter the
smaller
of line 81 or line 82 here and on line 50
...............
83
9,863
Schedule I (Form 1041) (2024)
Additional Data
Software ID:
Software Version:
-
TIN:
Form
3800
Department of the Treasury
Internal Revenue Service
General Business Credit
Go to
www.irs.gov/Form3800
for instructions and the latest information.
You must include all pages of Form 3800 with your return.
OMB No. 1545-0895
20
24
Attachment Sequence No.
22
Name(s) shown on return
TRUSTEES OF THE UNIV OF PENNA RETIREE ME
DEATH BENEFITS TRUST
Identifying number
23-2769744
A
Corporate Alternative Minimum Tax (CAMT) and Base Erosion Anti-Abuse Tax (BEAT).
Are you both (a) an “applicable corporation” within the meaning of section 59(k)(1) for the CAMT, and (b) an “applicable taxpayer” within the meaning of section 59A(e) for the BEAT? See instructions
...........
Yes
No
Part I
Credits Not Allowed Against Tentative Minimum Tax (TMT)
Complete applicable portions of Parts III and IV before Parts I and II. See Instructions.
1
Credits not subject to the passive activity limit from Part III, line 2: combine column (e) with non-passive amounts from column (f).
..........
1
2
Credits subject to the passive activity limit. Combine from Part III, line 2, column (d), and passive amounts included on line 2, column (f); and Part IV, line 6, column (d)
............................
2
9,245
3
Enter the portion of line 2 allowed for 2024.
......................................
3
0
4
Enter the portion of Part IV, column (f), line 6, that is from carryforwards to 2024.
.........................
4
0
Check this box if the carryforward was changed or revised from the original reported amount
.....................
5
Enter the portion of Part IV, column (f), line 6, that is from carrybacks from 2025.
..........................
5
6
Add lines 1, 3, 4, and 5
............................................
6
0
Part II
Figuring Credit Allowed After Limitations
Section A - Figuring Credit Allowed After Section 38(c)(1) Limitation Based on Amount of Tax
7
Regular tax before credits:
Individuals. Enter the sum of the amounts from Form 1040, 1040-SR, or 1040-NR, line 16; and Schedule 2 (Form 1040), line 1z.
Corporations. Enter the amount from Form 1120, Schedule J, Part I, line 2 (excluding the base erosion minimum tax entered on line 1f); or the applicable line of your return.
Estates and trusts. Enter the sum of the amounts from Form 1041, Schedule G, lines 1a, 1b and 1d, plus any Form 8978 amount included on line 1e; or the amount from the applicable line of your return.
.....
7
7,371
8
Alternative minimum tax:
Individuals. Enter the amount from Form 6251, line 11.
Corporations. Enter the amount from Form 4626, Part II, line 13.
Estates and trusts. Enter the amount from Schedule I (Form 1041), line 54.
.....
8
2,492
9
Add lines 7 and 8
..............................................
9
9,863
10a
Foreign tax credit
....................................
10a
b
Certain allowable credits (see instructions)
............................
10b
c
Add lines 10a and 10b
.............................................
10c
11
Net income tax.
Subtract line 10c from line 9. If zero, skip lines 12 through 15 and enter -0- on line 16
...................
11
9,863
12
Net regular tax.
Subtract line 10c from line 7. If zero or less, enter -0-
...................
12
7,371
13
Enter 25% (0.25) of the excess, if any, of line 12 (line 11 for corporations) over $25,000. See instructions
........
13
14
Tentative minimum tax:
Individuals. Enter the amount from Form 6251, line 9.
Corporations. Enter -0-.
Estates and trusts. Enter the amount from Schedule I (Form 1041), line 52.
..
14
9,863
15
Enter the greater of line 13 or line 14
........................................
15
9,863
16
Subtract line 15 from line 11. If zero or less, enter -0-
...................................
16
17
Enter the
smaller
of line 6 or line 16. This is the amount of your credit allowed after the limitation of section 38(c)(1)
..............
17
C corporations:
See the line 17 instructions if there has been an ownership change, acquisition, or reorganization.
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 12392F
Form
3800
(2024)
Form 3800 (2024)
Page
2
Part II
Figuring Credit Allowed After Limitations
(Continued)
Section B - Figuring Section 38(c)(2) Empowerment Zone and Community Renewal Employment Credit Allowed
.
Note:
If you are not required to report any amounts on lines 22 or 24 below, skip lines 18 through 25 and enter -0- on line 26.
18
Multiply line 14 by 75% (0.75). See instructions
.....................................
18
7,397
19
Enter the greater of line 13 or line 18
........................................
19
7,397
20
Subtract line 19 from line 11. If zero or less, enter -0-
..................................
20
2,466
21
Subtract line 17 from line 20. If zero or less, enter -0-
..................................
21
2,466
22
Combine the amounts from line 3 of Part III, column (e), with the amount from line 3 of Part IV, column (f).
.................
22
23
Passive activity credit from line 3 of Part III, column (d) plus the amount from line 3 of Part IV, column (d)
........
23
24
Enter the applicable passive activity credit allowed for 2024. See instructions
...........................
24
0
25
Add lines 22 and 24
.............................................
25
26
Empowerment zone and renewal community employment credit allowed. Enter the smaller of line 21 or line 25
.................
26
Section C - Figuring the Specified Credit Amount Allowed Under Section 38(c)(4)
27
Subtract line 13 from line 11. If zero or less, enter -0-
..................................
27
9,863
28
Add lines 17 and 26
.............................................
28
29
Subtract line 28 from line 27. If zero or less, enter -0-
..................................
29
9,863
30
Enter the general business credit from line 5 of Part III: combine column (e) with non-passive amounts in column (f). See instructions
.........
30
31
Reserved
.................................................
31
32
Passive activity credits from line 5 of Part III: combine column (d) with passive amounts in column (f). See instructions
....
32
59,497
33
Enter the applicable passive activity credits allowed for 2024. See instructions
...........................
33
0
34
Carryforward of business credit to 2024. Enter the amount of carryforwards from line 7 of Part IV, column (g).
....
See instructions for statement to attach
34
0
Check this box if the carryforward was changed or revised from the original reported amount
.....................
35
.............
Carryback of business credit from 2025. Enter the amount of carrybacks from line 7 of Part IV, column (g). See instructions
35
36
Add lines 30, 33, 34, and 35
..........................................
36
0
37
Enter the
smaller
of line 29 or line 36. This is the amount allowed for specified credits
........................
37
0
Section D - Credits Allowed After Limitations
38
Credit allowed for the current year.
Add lines 28 and 37.
Report the amount from line 38 (if smaller than the sum of Part I, line 6, and Part II, lines 25 and 36; see instructions) as indicated below or on the applicable line of your return.
Individuals. Schedule 3 (Form 1040), line 6a.
Corporations. Form 1120, Schedule J, Part I, line 5c.
Estates and trusts. Form 1041, Schedule G, line 2b.
...............
38
0
Form
3800
(2024)
Form 3800 (2024)
Page
3
Part III
Current Year General Business Credits (GBCs)
(see instructions). If there is more than one number applicable for column (b) or (c) for a line in Part III, enter the number of such items in column (a), complete Part V, and see instructions for what to report on that line in Part III.
Current year credits from:
(a)
No. of items
(b)
Elective payment or transferor registration number
(c)
Pass-through or transferor credit entity EIN
(d)
Credits subject to the passive activity limit, before application of the limit
(e)
Credits not subject to the passive activity limits
(f)
Credit transfer election amount (enter amounts transferred out as a negative amount)
(g)
Combine columns (e) and (f) with the credit from column (d) allowed after the passive activity limit
(h)
Gross elective payment election (EPE) amount
(i)
Amount of column (g) applied against tax in Part II
(j)
Net EPE amount. Enter the smaller of column (h)
or
column (g) minus column (i)
1a
Form 3468, Part II
b
Form 7207
c
Form 6765
List of Attached Documents:
// Content
10
86-1964268
3,182
3,182
d
Form 3468, Part III
e
Form 8826
f
Form 8835, Part II
g
Form 7210
h
Form 8820
i
Form 8874
j
Form 8881, Part I
k
Form 8882
l
Form 8864 (diesel)
m
Form 8896
n
Form 8906
o
Form 3468, Part IV
p
Form 8908
q
Form 7218, Part II
r
Reserved
s
Form 8911, Part I
t
Form 8830
u
Form 7213, Part II
v
Form 3468, Part V
w
Form 8932
x
Form 8933
y
Form 8936, Part II
z
Reserved
aa
Form 8936, Part V
bb
Form 8904
cc
Form 7213, Part I
dd
Form 8881, Part II
ee
Form 8881, Part III
ff
Form 8864, Line 8
gg
Form 7211, Part II
hh
Reserved
ii
Reserved
zz
Other credits
2
Add lines 1a through 1zz
10
3,182
3,182
Form
3800
(2024)
Form 3800 (2024)
Page
4
Part III
Current Year General Business Credits (GBCs)
(see instructions). If there is more than one number applicable for column (b) or (c) for a line in Part III, enter the number of such items in column (a), complete Part V, and see instructions for what to report on that line in Part III.
(continued)
Current year credits from:
(a)
No. of items
(b)
Elective payment or transferor registration number
(c)
Pass-through or transferor credit entity EIN
(d)
Credits subject to the passive activity limit, before application of the limit
(e)
Credits not subject to the passive activity limits
(f)
Credit transfer election amount (enter amounts transferred out as a negative amount)
(g)
Combine columns (e) and (f) with the credit from column (d) allowed after the passive activity limit
(h)
Gross elective payment election (EPE) amount
(i)
Amount of column (g) applied against tax in Part II
(j)
Net EPE amount. Enter the smaller of column (h)
or
column (g) minus column (i)
3
Form 8844
4
Specified credits:
a
Form 3468, Part VI
b
Form 5884
c
Form 6478
d
Form 8586
List of Attached Documents:
// Content
47-1483532
5
5
e
Form 8835, Part II
f
Form 8846
3
98-0546998
5,763
5,763
g
Form 8900
h
Form 8941
i
Form 6765 (ESB)
j
Form 8994
k
Form 3468, Part VII
l
Reserved
m
Reserved
z
Other specified credits
5
Add lines 4a-4z
3
5,768
5,768
6
Add lines 2, 3, and 5
13
8,950
8,950
Form
3800
(2024)
Form 3800 (2024)
Page
5
Part IV
Carryovers of General Business Credits (GBCs)
(see instructions)
Carryover
Credits carried over to tax year 2024
(a)
No. of items
(b)
Originating tax year
(c)
Pass-through entity EIN
Subject to the passive activity limits
(f)
Not subject to passive activity limits
(g)
Amount of columns (e) and (f) applied against tax in Part II
(h)
Amount of columns (e) and (f) recaptured or otherwise adjusted
(i)
Carryforward to 2025. Subtract the sum of columns (g) and (h) from the sum of columns (e) and (f)
(d)
Before
the passive activity limitations
(e)
After
the passive activity limitations
1a
Form 3468, Part II
b
Form 7207
c
Form 6765
35
2015
98-1492935
6,055
0
6,055
d
Form 3468, Part III
e
Form 8826
f
Form 8835, Part II
g
Form 7210
h
Form 8820
i
Form 8874
j
Form 8881, Part I
2023
37-1862818
8
0
8
k
Form 8882
l
Form 8864
m
Form 8896
n
Form 8906
o
Form 3468, Part IV
p
Form 8908
q
Reserved
r
Reserved
s
Form 8911
t
Form 8830
u
Form 7213, Part II
v
Form 3468, Part V
w
Form 8932
x
Form 8933
y
Form 8936, Part II
z
Reserved
aa
Form 8936, Part V
bb
Form 8904
cc
Form 7213, Part I
dd
Form 8881, Part II
ee
Form 8881, Part III
ff
Form 8864
gg
Reserved
hh
Reserved
ii
Reserved
jj
Reserved
zz
Other
Form
3800
(2024)
Form 3800 (2024)
Page
6
Part IV
Carryovers of General Business Credits (GBCs)
(see instructions)
(continued)
Carryover
Credits carried over to tax year 2024
Note:
Credits on lines 2a through 2x are expired. Only carryforwards are allowed.
(a)
No. of items
(b)
Originating tax year
(c)
Pass-through entity EIN
Subject to the passive activity limits
(f)
Not subject to passive activity limits
(g)
Amount of columns (e) and (f) applied against tax in Part II
(h)
Amount of columns (e) and (f) recaptured or otherwise adjusted
(i)
Carryforward to 2025. Subtract the sum of columns (g) and (h) from the sum of columns (e) and (f)
(d)
Before
the passive activity limitations
(e)
After
the passive activity limitations
a
Form 5884-A
b
Form 8586 (pre-2008)
c
Form 8845
d
Form 8907
e
Form 8909
f
Form 8923
g
Form 8834
h
Form 8931
i
Form 1065-B
j
Form 5884 (pre-2007)
k
Form 6478 (pre-2005)
l
Form 8846 (pre-2007)
m
Form 8900 (pre-2008)
n
Trans-Alaska pipeline liability
o
Form 5884-A, Section A
p
Form 5884-A, Section B
q
Form 5884-A, Section A
r
Form 5884-A, Section B
s
Form 5884-B
t
Form 8847
u
Form 8861
v
Form 8884
w
Form 8942
x
Form 8910
y
Reserved
z
Reserved
zz
Other credits (see inst.)
3
Form 8844
Form
3800
(2024)
Form 3800 (2024)
Page
7
Part IV
Carryovers of General Business Credits (GBCs)
(see instructions)
(continued)
Carryover
Credits carried over to tax year 2024
(a)
No. of items
(b)
Originating tax year
(c)
Pass-through entity EIN
Subject to the passive activity limits
(f)
Not subject to passive activity limits
(g)
Amount of columns (e) and (f) applied against tax in Part II
(h)
Amount of columns (e) and (f) recaptured or otherwise adjusted
(i)
Carryforward to 2025. Subtract the sum of columns (g) and (h) from the sum of columns (e) and (f)
(d)
Before
the passive activity limitations
(e)
After
the passive activity limitations
4
Specified credits:
a
Form 3468, Part VI
b
Form 5884
c
Form 6478
d
Form 8586 (post-2007)
6
2015
47-1483532
136
0
136
e
Form 8835
f
Form 8846
18
2015
98-0546998
53,523
0
0
53,523
g
Form 8900
h
Form 8941
i
Form 6765 ESB credit
j
Form 8994
6
2018
98-1377130
70
0
0
70
k
Form 3468, Part VII (post-2007)
l
Reserved
m
Reserved
y
ESBC (See inst.)
z
Other specified credits
5
Add lines 4a-4z
30
53,729
0
0
53,729
6
Add lines 1a through 2zz
35
6,063
0
6,063
7
Add lines 3, 5 and 6
65
59,792
0
0
59,792
Form
3800
(2024)
Form 3800 (2024)
Page
8
Part V
Breakdown of Aggregate Amounts on Part III for Facility-by-Facility, Multiple Pass-Through Entities, etc.
Credits subject to the passive activity limit
Not subject to the limit
(a)
Part III line number
(b)
Elective payment or transfer registration number
EINs
Before applying the limit
(d)(4)
Credits from column (d)(1) (less column (d)(2)) and (d)(3) allowed after limit
(e)
Credits other than transfer election credits
(f)(1)
Transfer election credits sold
(c)(1)
Pass-through entity EIN
(c)(2)
Transferor entity EIN
(d)(1)
Credits other than credit transfer election credits
(d)(2)
Credit transfer election credits sold
(d)(3)
Credit transfer election credits purchased
1
Part III Line 1c
47-1483532
64
(
)
(
)
2
Part III Line 1c
98-1377130
1
(
)
(
)
3
Part III Line 1c
37-1862818
546
(
)
(
)
4
Part III Line 1c
83-4214967
106
(
)
(
)
5
Part III Line 1c
82-3110032
341
(
)
(
)
6
Part III Line 1c
98-1492935
568
(
)
(
)
7
Part III Line 1c
04-3506440
448
(
)
(
)
8
Part III Line 1c
98-1493486
190
(
)
(
)
9
Part III Line 1c
86-1964268
744
(
)
(
)
10
Part III Line 1c
98-1586147
174
(
)
(
)
11
Part III Line 4f
98-0546998
4,234
(
)
(
)
12
Part III Line 4f
83-4214967
12
(
)
(
)
13
Part III Line 4f
86-1964268
1,517
(
)
(
)
14
(
)
(
)
15
(
)
(
)
(f)(2)
Purchased transfer election credits not subject to the passive activity limit
(g)
Combine columns (d)(4), (e), (f)(1), and (f)(2)
(h)(1)
Gross EPE amount. Portion of column (g) eligible for the section 6417 EPE election
(h)(2)
Subtract column (h)(1) from column (g) (credit excluding EPE)
(i)(1)
Amount of column (h)(2) applied against tax in Part II
(i)(2)
Amount of EPE eligible credit in column (h)(1) applied against tax in Part II
(j)
Net EPE amount. Subtract (i)(2) from column (h)(1)
(k)
Carryforward to 2025. Subtract (i)(1) from column (h)(2)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Form
3800
(2024)
Form 3800 (2024)
Page
9
Part VI
Breakdown of Aggregate Amounts in Part IV
(see instructions)
Carryover
(a)
Line number from Part IV
(b)
Originating tax year
(c)
Pass-through entity EIN
Subject to the passive activity limits
(f)
Not subject to passive activity limits
(g)
Amount of columns (e) and (f) applied against tax in Part II
(h)
Amount of columns (e) and (f) recaptured or otherwise adjusted
(i)
Carryforward to 2025. Subtract the sum of columns (g) and (h) from the sum of columns (e) and (f)
(d)
Before
the passive activity limitations
(e)
After
the passive activity limitations
1
Part IV Line 1c
2020
47-1483532
47
47
2
Part IV Line 1c
2022
47-1483532
65
65
3
Part IV Line 1c
2023
47-1483532
41
41
4
Part IV Line 1c
2018
47-3260122
2
2
5
Part IV Line 1c
2019
47-3260122
3
3
6
Part IV Line 1c
2020
47-3260122
1
1
7
Part IV Line 1c
2022
98-1377130
36
36
8
Part IV Line 1c
2023
98-1377130
57
57
9
Part IV Line 1c
2018
98-0546998
84
84
10
Part IV Line 1c
2019
98-0546998
553
553
11
Part IV Line 1c
2020
98-0546998
349
349
12
Part IV Line 1c
2019
37-1862818
357
357
13
Part IV Line 1c
2020
37-1862818
488
488
14
Part IV Line 1c
2021
37-1862818
469
469
15
Part IV Line 1c
2022
37-1862818
409
409
16
Part IV Line 1c
2023
37-1862818
424
424
17
Part IV Line 1c
2021
83-4214967
12
12
18
Part IV Line 1c
2022
83-4214967
41
41
19
Part IV Line 1c
2023
83-4214967
74
74
20
Part IV Line 1c
2020
82-3110032
27
27
21
Part IV Line 1c
2021
82-3110032
34
34
22
Part IV Line 1c
2022
82-3110032
144
144
23
Part IV Line 1c
2023
82-3110032
88
88
24
Part IV Line 1c
2022
98-1492935
385
385
25
Part IV Line 1c
2023
98-1492935
778
778
26
Part IV Line 1c
2022
98-1493486
174
174
27
Part IV Line 1c
2023
98-1493486
191
191
28
Part IV Line 1c
2023
86-1964268
644
644
29
Part IV Line 1c
2015
04-3514360
1
1
30
Part IV Line 1c
2016
04-3514360
4
4
31
Part IV Line 1c
2017
04-3514360
5
5
32
Part IV Line 1c
2018
04-3514360
3
3
33
Part IV Line 1c
2019
04-3514360
4
4
34
Part IV Line 1c
2020
04-3514360
5
5
35
Part IV Line 1c
2021
04-3514360
56
56
36
Part IV Line 4d
2022
47-1483532
91
91
37
Part IV Line 4d
2023
47-1483532
1
1
38
Part IV Line 4d
2023
83-4214967
17
17
39
Part IV Line 4d
2015
04-3514360
17
17
40
Part IV Line 4d
2017
04-3514360
6
6
41
Part IV Line 4d
2018
04-3514360
4
4
42
Part IV Line 4f
2016
98-0546998
6,014
6,014
43
Part IV Line 4f
2017
98-0546998
11,911
11,911
44
Part IV Line 4f
2018
98-0546998
10,690
10,690
45
Part IV Line 4f
2019
98-0546998
9,469
9,469
46
Part IV Line 4f
2020
98-0546998
1,837
1,837
47
Part IV Line 4f
2021
98-0546998
2,623
2,623
48
Part IV Line 4f
2022
98-0546998
4,404
4,404
49
Part IV Line 4f
2023
98-0546998
4,006
4,006
50
Part IV Line 4f
2022
83-4214967
7
7
51
Part IV Line 4f
2023
83-4214967
23
23
52
Part IV Line 4f
2022
86-1964268
918
918
53
Part IV Line 4f
2023
86-1964268
1,439
1,439
54
Part IV Line 4f
2015
04-3514360
27
27
55
Part IV Line 4f
2016
04-3514360
24
24
56
Part IV Line 4f
2017
04-3514360
32
32
57
Part IV Line 4f
2018
04-3514360
35
35
58
Part IV Line 4f
2019
04-3514360
44
44
59
Part IV Line 4f
2020
04-3514360
20
20
60
Part IV Line 4j
2018
98-1377130
14
14
61
Part IV Line 4j
2019
98-1377130
13
13
62
Part IV Line 4j
2020
98-1377130
12
12
63
Part IV Line 4j
2021
98-1377130
7
7
64
Part IV Line 4j
2022
98-1377130
11
11
65
Part IV Line 4j
2023
98-1377130
13
13
Form
3800
(2024)
Additional Data
Software ID:
Software Version:
-
TIN:
Form
8801
Department of the Treasury
Internal Revenue Service
Credit for Prior Year Minimum Tax—
Individuals, Estates, and Trusts
Attach to Form 1040, 1040-SR, 1040-NR, or 1041.
Go to
www.irs.gov/Form8801
for instructions and the latest information.
OMB No. 1545-1073
20
24
Attachment
Sequence No.
801
Name(s) shown on return
Identifying number
23-2769744
Part I
Net Minimum Tax on Exclusion Items
1
Combine lines 1 and 2e of your 2023 Form 6251. Estates and trusts, see instructions
....
1
0
2
Enter adjustments and preferences treated as exclusion items (see instructions)
.......
2
0
3
Minimum tax credit net operating loss deduction (see instructions)
...........
3
(
0
)
4
Combine lines 1, 2, and 3. If zero or less, enter -0- here and on line 15 and go to Part II. If more than $831,150 and you were married filing separately for 2023, see instructions
........
4
12,424
5
Enter: $126,500 if married filing jointly or qualifying surviving spouse for 2023; $81,300 if single or head of household for 2023; or $63,250 if married filing separately for 2023. Estates and trusts, enter $28,400
5
28,400
6
Enter: $1,156,300 if married filing jointly or qualifying surviving spouse for 2023; $578,150 if single, head
of household, or married filing separately for 2023. Estates and trusts, enter $94,600
.....
6
94,600
7
Subtract line 6 from line 4. If zero or less, enter -0- here and on line 8 and go to line 9
.....
7
8
Multiply line 7 by 25% (0.25)
.......................
8
9
Subtract line 8 from line 5. If zero or less enter -0-
................
9
28,400
10
Subtract line 9 from line 4. If zero or less, enter -0- here and on line 15 and go to Part II. Form 1040-NR filers, see instructions
.........................
10
11
•
If
for 2023
you filed Form 2555, see instructions for the amount to enter.
•
If
for 2023
you reported capital gain distributions directly on Form 1040, 1040-SR, or 1040-NR, line 7; you reported qualified dividends on Form 1040, 1040-SR, or 1040-NR, line 3a (Form 1041, line 2b(2));
or
you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (lines 18a and 19, column (2), of Schedule D (Form 1041)), complete Part III of Form 8801 and enter the amount from line 55 here.
•
All others:
If line 10 is $220,700 or less ($110,350 or less if married filing separately for
2023), multiply line 10 by 26% (0.26). Otherwise, multiply line 10 by 28% (0.28) and
subtract $4,414 ($2,207 if married filing separately for 2023) from the result.
11
12
Minimum tax foreign tax credit on exclusion items (see instructions)
...........
12
13
Tentative minimum tax on exclusion items. Subtract line 12 from line 11
.........
13
14
Enter the amount from your 2023 Form 6251, line 10, or 2023 Form 1041, Schedule I, line 53
..
14
15
Net minimum tax on exclusion items.
Subtract line 14 from line 13. If zero or less, enter -0-
..
15
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 10002S
Form
8801
(2024)
Form 8801 (2024)
Page
2
Part II
Minimum Tax Credit and Carryforward to 2025
16
Enter the amount from your 2023 Form 6251, line 11, or 2023 Form 1041, Schedule I, line 54
..
16
17
Enter the amount from line 15
......................
17
18
Subtract line 17 from line 16. If less than zero, enter as a negative amount
.........
18
19
2023 credit carryforward.
Enter the amount from your 2023 Form 8801, line 26
......
19
20,206
20
Enter your 2023 unallowed qualified electric vehicle credit (see instructions)
........
20
21
Combine lines 18 through 20. If zero or less, stop here and see the instructions
.......
21
20,206
22
Enter your 2024 regular income tax liability minus allowable credits (see instructions)
.....
22
7,371
23
Enter the amount from your 2024 Form 6251, line 9, or 2024 Form 1041, Schedule I, line 52
..
23
9,863
24
Subtract line 23 from line 22. If zero or less, enter -0-
...............
24
25
Minimum tax credit.
Enter the
smaller
of line 21 or line 24. Also enter this amount on your 2024
Schedule 3 (Form 1040), line 6b; or Form 1041, Schedule G, line 2c
..........
25
26
Credit carryforward to 2025.
Subtract line 25 from line 21. Keep a record of this amount because you
may use it in future years
.......................
26
20,206
Form
8801
(2024)
Form 8801 (2024)
Page
3
Part III
Tax Computation Using Maximum Capital Gains Rates
Complete Part III only if you are required to do so by line 11 or by the Foreign Earned Income Tax Worksheet in the instructions.
Caution:
If you didn't complete the 2023 Qualified Dividends and Capital Gain Tax Worksheet, the 2023 Schedule D Tax Worksheet, or Part V of the 2023 Schedule D (Form 1041), see the instructions before completing this part.*
27
Enter the amount from Form 8801, line 10. If you filed Form 2555 for 2023, enter the
amount from line 3 of the Foreign Earned Income Tax Worksheet in the instructions
......
27
Caution: If for 2023
you filed Form 1041, or 2555, see the instructions before completing lines 28, 29, and 30.
28
Enter the amount from line 4 of your 2023 Qualified Dividends and Capital Gain Tax Worksheet, the
amount from line 13 of your 2023 Schedule D Tax Worksheet, or the amount from line 26 of the
2023 Schedule D (Form 1041), whichever applies (as refigured for the AMT, if necessary)*
...
28
If you figured your 2023 tax using the 2023 Qualified Dividends and Capital Gain Tax
Worksheet, skip line 29 and enter the amount from line 28 on line 30. Otherwise, go to line 29.
29
Enter the amount from line 19 of your 2023 Schedule D (Form 1040), or line 18b, column (2), of the 2023 Schedule D (Form 1041)
........................
29
4,494
30
Add lines 28 and 29, and enter the
smaller
of that result or the amount from line 10 of your 2023
Schedule D Tax Worksheet
.......................
30
31
Enter the
smaller
of line 27 or line 30
....................
31
32
Subtract line 31 from line 27
.......................
32
33
If line 32 is $220,700 or less ($110,350 or less if married filing separately for 2023), multiply line
32 by 26% (0.26). Otherwise, multiply line 32 by 28% (0.28) and subtract $4,414 ($2,207 if married
filing separately for 2023) from the result.
.................
33
34
Enter:
•
$89,250 if married filing jointly or qualifying surviving spouse for 2023,
•
$44,625 if single or married filing separately for 2023,
•
$59,750 if head of household for 2023, or
•
$3,000 for an estate or trust.
......
34
3,000
35
Enter the amount from line 5 of your 2023 Qualified Dividends and Capital Gain Tax Worksheet,
the amount from line 14 of your 2023 Schedule D Tax Worksheet, or the amount from line 27 of the
2023 Schedule D (Form 1041), whichever applies. If you didn't complete either worksheet or Part V
of the 2023 Schedule D (Form 1041), enter the amount from your 2023 Form 1040, 1040-SR, or 1040-NR, line 15, or 2023 Form 1041, line 23, whichever applies; if zero or less, enter -0-.
.......
35
36
Subtract line 35 from line 34. If zero or less, enter -0-
...............
36
3,000
37
Enter the
smaller
of line 27 or line 28
....................
37
38
Enter the
smaller
of line 36 or line 37
....................
38
39
Subtract line 38 from line 37
.......................
39
40
Enter:
•
$492,300 if single for 2023,
•
$276,900 if married filing separately for 2023,
•
$553,850 if married filing jointly or qualifying surviving spouse for 2023,
•
$523,050 if head of household for 2023, or
•
$14,650 for an estate or trust.
......
40
14,650
41
Enter the amount from line 36
.......................
41
3,000
42
Form 1040, 1040-SR, or 1040-NR filers, enter the amount from line 5 of your 2023 Qualified Dividends and Capital Gain Tax Worksheet or the amount from line 21 of your 2023 Schedule D Tax Worksheet, whichever applies. If you didn't complete either worksheet, see instructions. Form 1041 filers, enter the
amount from line 27 of your 2023 Schedule D (Form 1041) or line 18 of your 2023 Schedule D Tax
Worksheet, whichever applies. If you didn't complete either the worksheet or Part V of the 2023
Schedule D (Form 1041), enter the amount from your 2023 Form 1041, line 23; if zero or less,
enter -0-.
.............................
42
-2,061
* The 2023 Qualified Dividends and Capital Gain Tax Worksheet is in the 2023 Instructions for Form 1040. The 2023 Schedule D Tax Worksheet is in the 2023 Instructions for Schedule D (Form 1040) (or the 2023 Instructions for Schedule D (Form 1041)).
Form
8801
(2024)
Form 8801 (2024)
Page
4
Part III
Tax Computation Using Maximum Capital Gains Rates
(continued)
43
Add lines 41 and 42
..........................
43
939
44
Subtract line 43 from line 40. If zero or less, enter -0-
...............
44
13,711
45
Enter the
smaller
of line 39 or line 44
....................
45
46
Multiply line 45 by 15% (0.15)
......................
46
47
Add lines 38 and 45
..........................
47
If lines 47 and 27 are the same, skip lines 48 through 52 and go to line 53. Otherwise, go to line 48.
48
Subtract line 47 from line 37
.......................
48
49
Multiply line 48 by 20% (0.20)
......................
49
If line 29 is zero or blank, skip lines 50 through 52 and go to line 53. Otherwise, go to line 50.
50
Add lines 32, 47, and 48
........................
50
51
Subtract line 50 from line 27
.......................
51
52
Multiply line 51 by 25% (0.25)
......................
52
53
Add lines 33, 46, 49, and 52
.......................
53
54
If line 27 is $220,700 or less ($110,350 or less if married filing separately for 2023), multiply line 27
by 26% (0.26). Otherwise, multiply line 27 by 28% (0.28) and subtract $4,414 ($2,207 if married filing
separately for 2023) from the result.
....................
54
55
Enter the
smaller
of line 53 or line 54 here and on line 11. If you filed Form 2555 for 2023, don't enter this amount on line 11. Instead, enter it on line 4 of the Foreign Earned Income Tax Worksheet in the instructions for line 11
.........................
55
Form
8801
(2024)
Additional Data
Software ID:
Software Version:
-
TIN:
Form
8949
Department of the Treasury
Internal Revenue Service
Sales and Other Dispositions of Capital Assets
File with your Schedule D to list your transactions for lines 1b, 2, 3, 8b, 9, and 10 of Schedule D.
Go to
www.irs.gov/Form8949
for instructions and the latest information.
OMB No. 1545-0074
20
24
Attachment
Sequence No.
12A
Name(s) shown on return
TRUSTEES OF THE UNIV OF PENNA RETIREE ME
DEATH BENEFITS TRUST
Social security number or taxpayer identification number
23-2769744
Before you check Box A, B, or C below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check.
Part I
Short-Term.
Transactions involving capital assets you held 1 year or less are generally short term (see instructions). For long-term transactions, see page 2.
Note:
You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 1a; you aren't required to report these transactions on Form 8949 (see instructions).
You
must
check Box A, B,
or
C below. Check only one box.
If more than one box applies for your short-term transactions, complete a separate Form 8949, page 1, for each applicable box. If you have more short-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need.
(A)
Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see
Note
above)
(B)
Short-term transactions reported on Form(s) 1099-B showing basis
wasn't
reported to the IRS
(C)
Short-term transactions not reported to you on Form 1099-B
1
(a)
Description of property
(Example: 100 sh. XYZ Co.)
(b)
Date acquired
(Mo., day, yr.)
(c)
Date sold or
disposed of
(Mo., day, yr.)
(d)
Proceeds
(sales price)
(see instructions)
(e)
Cost or other basis
See the
Note
below
and see
Column (e)
in the separate
instructions.
Adjustment, if any, to gain or loss.
If you enter an amount in column (g),
enter a code in column (f).
See the separate instructions.
(h)
Gain or (loss)
Subtract column (e)
from column (d) and
combine the result
with column (g).
(f)
Code(s) from
instructions
(g)
Amount of
adjustment
2 Totals
. Add the amounts in columns (d), (e), (g), and (h)
(subtract negative amounts). Enter each total here and include on your Schedule D,
line 1b
(if
Box A
above is checked),
line 2
(if
Box B
above is checked), or
line 3
(if
Box C
above is checked).
.......
(
)
Note:
If you checked Box A above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See
Column
(g) in the separate instructions for how to figure the amount of the adjustment.
For Paperwork Reduction Act Notice, see your tax return instructions.
Cat. No. 37768Z
Form
8949
(2024)
Form 8949 (2024)
Attachment Sequence No.
12A
Page
2
Name(s) shown on return. Name and SSN or taxpayer identification no. not required if shown on other side
TRUSTEES OF THE UNIV OF PENNA RETIREE ME
DEATH BENEFITS TRUST
Social security number or taxpayer identification number
23-2769744
Before you check Box D, E, or F below, see whether you received any Form(s) 1099-B or substitute statement(s) from your broker. A substitute statement will have the same information as Form 1099-B. Either will show whether your basis (usually your cost) was reported to the IRS by your broker and may even tell you which box to check.
Part II
Long-Term.
Transactions involving capital assets you held more than 1 year are generally long term (see instructions). For short-term transactions, see page 1.
Note:
You may aggregate all long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are required. Enter the totals directly on Schedule D, line 8a; you aren't required to report these transactions on Form 8949 (see instructions).
You
must
check Box D, E,
or
F below. Check only one box.
If more than one box applies for your long-term transactions, complete a separate Form 8949, page 2, for each applicable box. If you have more long-term transactions than will fit on this page for one or more of the boxes, complete as many forms with the same box checked as you need.
(D)
Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see
Note
above)
(E)
Long-term transactions reported on Form(s) 1099-B showing basis
wasn't
reported to the IRS
(F)
Long-term transactions not reported to you on Form 1099-B
1
(a)
Description of property
(Example: 100 sh. XYZ Co.)
(b)
Date acquired
(Mo., day, yr.)
(c)
Date sold or
disposed of
(Mo., day, yr.)
(d)
Proceeds
(sales price)
(see instructions)
(e)
Cost or other basis
See the
Note
below
and see
Column (e)
in the separate
instructions.
Adjustment, if any, to gain or loss.
If you enter an amount in column (g),
enter a code in column (f).
See the separate instructions.
(h)
Gain or (loss)
Subtract column (e)
from column (d) and
combine the result
with column (g).
(f)
Code(s) from
instructions
(g)
Amount of
adjustment
Prior year suspended losses
(
)
101
Current year disallowed losses
(
)
-80
2 Totals
. Add the amounts in columns (d), (e), (g), and (h)
(subtract negative amounts). Enter each total here and include on your Schedule D,
line 8b
(if
Box D
above is checked),
line 9
(if
Box E
above is checked), or
line 10
(if
Box F
above is checked)
........
(
)
-21
Note:
If you checked Box D above but the basis reported to the IRS was incorrect, enter in column (e) the basis as reported to the IRS, and enter an adjustment in column (g) to correct the basis. See
Column
(g) in the separate instructions for how to figure the amount of the adjustment.
Form
8949
(2024)
Additional Data
Software ID:
Software Version: