1041 T Form - Form 1041 is used by a fiduciary to file an income tax return for every domestic estate or domestic trust for which he or she acts. Web information about form 1041, u.s. The fiduciary for a trust or a decedent's estate files this form to elect to have its estimated tax payment treated as paid by a beneficiary or beneficiaries. The primary purpose is to ensure that beneficiaries are appropriately credited for estimated tax payments made on their behalf by the estate or trust. This election must be made by the 65th day following the close of the tax year, and once it is made it is irreversible. Income tax return for estates and trusts, including recent updates, related forms and instructions on how to file. To make this election in drake tax, go to: This election allows a trust (and certain decedent estates) to treat estimated payments as though they were made by a beneficiary or beneficiaries instead of having been paid by the fiduciary.
Form 1041 is used by a fiduciary to file an income tax return for every domestic estate or domestic trust for which he or she acts. This election must be made by the 65th day following the close of the tax year, and once it is made it is irreversible. Web information about form 1041, u.s. The primary purpose is to ensure that beneficiaries are appropriately credited for estimated tax payments made on their behalf by the estate or trust. The fiduciary for a trust or a decedent's estate files this form to elect to have its estimated tax payment treated as paid by a beneficiary or beneficiaries. Income tax return for estates and trusts, including recent updates, related forms and instructions on how to file. To make this election in drake tax, go to: This election allows a trust (and certain decedent estates) to treat estimated payments as though they were made by a beneficiary or beneficiaries instead of having been paid by the fiduciary.