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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
None at this time.
Schedules
Use Schedule D (Form 1041) to report gains and losses from the sale or exchange of capital assets by an estate or trust.
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).
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.
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.