Schedule Q (Form 1066) Template

Use this schedule to notify a residual interest holder of REMIC taxable income or net loss allocation.

By using this template, you agree to our Template Terms of Use.

Why use a Schedule Q (Form 1066)?

Schedule Q helps a REMIC report residual interest holder details, ownership, capital account, and quarterly income items.

Notify interest holders

Provide quarterly REMIC taxable income, net loss, and excess inclusion information.
Show ownership details

Record the holder entity type and ownership percentages before and after change.
Track capital account

Summarize capital contributions, income, deductions, withdrawals, and ending capital.

This template covers REMIC and holder details, ownership percentages, capital account reconciliation, and income lines.

Holder and REMIC details
Fields capture residual interest holder and REMIC names, addresses, and identifying numbers.
Ownership percentages
Includes beginning and ending ownership percentages for residual interests.
Asset percentage fields
Provides fields for real estate assets and domestic building and loan association assets.
Capital account reconciliation
Covers beginning capital, contributions, income, deductions, withdrawals, and ending capital.
Income and expense lines
Includes taxable income, excess inclusion, and Section 212 expense fields.