About Form 1041, U.S. Income Tax Return for Estates and Trusts

 

The fiduciary of a domestic decedent's estate, trust, or bankruptcy estate files Form 1041 to report:

  • The income, deductions, gains, losses, etc. of the estate or trust.
  • The income that is either accumulated or held for future distribution or distributed currently to the beneficiaries.
  • Any income tax liability of the estate or trust.
  • Employment taxes on wages paid to household employees.

Current Revision


Recent Developments

Revised 2021 Instructions for Schedule H (Form 1040) -- 16-FEB-2022

Correction to the 2020 Instructions for Schedule K-1 (Form 1041) -- 15-JUL-2021

Schedule K-1 (Form 1041) Instructions—Corrected Decedent’s Schedule K-1 -- 29-JAN-2021

Reporting Excess Deductions on Termination of an Estate or Trust on Forms 1040, 1040-SR, and 1040-NR for Tax Year 2018 and Tax Year 2019 --10-JUL-2020

Limitation on business losses for certain taxpayers repealed for 2018, 2019, and 2020 --19-MAY-2020

Taxpayer Relief for Certain Tax-Related Deadlines Due To Coronavirus Pandemic -- 14-APR-2020

Safe harbor for certain charitable contributions made in exchange for a state or local tax credit - Form 1041 -- 10-FEB-2020

Update to Error in Tax Calculation in 2018 Schedule D Tax Worksheet (Form 1041) -- 11-SEP-2019

Reporting Related to IRC Section 965 on 2017 Returns -- 08-MAR-2018


Schedules

Use Schedule D (Form 1041) to report gains and losses from the sale or exchange of capital assets by an estate or trust.

Schedule D (From 1041)PDF

Instructions for Schedule D (Form 1041)

Estates and trusts use Schedule I (Form 1041) to figure:

  • Alternative minimum taxable income.
  • Income distribution deduction on a minimum tax basis.
  • Alternative minimum tax (AMT).

Schedule I (Form 1041)PDF

Instructions for Schedule I (Form 1041)

Use Schedule J (Form 1041) to report an accumulation distribution for a domestic complex trust that was:

  • Previously treated at any time as a foreign trust (unless an exception is provided in future regulations).
  • created before March 1, 1984, unless that trust would not be aggregated with other trusts under the rules of section 643(f) if that section applied to the trust.

Schedule J (Form 1041)PDF

Instructions for Schedule A, B, G, J and K-1 (Form 1041)

Use Schedule K-1 to report a beneficiary's share of the estate’s or trust’s income, credits, deductions, etc., on your Form 1040, U.S. Individual Income Tax Return.

Schedule K-1 (Form 1041)PDF

Instructions for Schedule K-1 (Form 1041)


Other Items You May Find Useful