Part III—Other Information

Question 1 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.

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.

Question 2 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.

• 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.

• 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.

Question 3 Check the “Yes” box and enter the name of the foreign 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 ANST.

• The combined value of the accounts was $10,000 or less during the whole year.

• The accounts were with a U.S. military banking facility operated by a U.S. financial institution.

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.

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.

Go to FinCEN.gov for more information.

Caution: If you are required to file FinCEN Form 114 but don't, you may have to pay a penalty of up to $10,000 (or more in some cases).

Question 4 For tax years beginning after tax years 2015, a domestic trust, including an ANST, that is formed or availed of to hold specified foreign financial assets (“a specified domestic entity”) must file Form 8938 with its Form 1041-N for the tax year. Form 8938 must be filed each year the value of the trust's specified foreign financial assets equals or exceeds the reporting threshold. For more information on domestic trusts that are specified domestic entities and the types of foreign financial assets that must be reported, see the Instructions for Form 8938, generally, and in particular, Who Must File, Specified Domestic Entity, Reporting Thresholds, Specified Foreign Financial Assets, Interests in Specified Foreign Financial Assets, Assets Not Required To Be Reported, and Exceptions to Reporting .

6 Instructions for Form 1041-N (Rev. 12-2025)

An ANST required to file Form 8938 with its Form 1041-N for the tax year should check “Yes” for Question 4 in Part III of Form 1041-N.

Question 5 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.