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.
Schedule D (Form 1041), Capital Gains and Losses
Schedule I (Form 1041), Alternative Minimum Tax – Estates
Schedule J (Form 1041), Accumulation Distribution for Certain Complex Trusts
Schedule K-1 (Form 1041), Beneficiary’s Share of Income, Deductions, Credits, etc.
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Page Last Reviewed or Updated: 22-Sep-2022