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

None at this time.

Schedules

Schedule D (Form 1041), Capital Gains and Losses

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

Schedule I (Form 1041), Alternative Minimum Tax – Estates

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 J (Form 1041), Accumulation Distribution for Certain Complex Trusts

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 K-1 (Form 1041), Beneficiary’s Share of Income, Deductions, Credits, etc.

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.