U.S. Income Tax Return for Estates and Trusts

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

Last reviewed: 2025-10-17

Use Tax Form 1041: U.S. Income Tax Return for Estates and Trusts as a stand alone tax form calculator to quickly calculate specific amounts for your 2026 tax return. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Complete IRS Form 1041 online for 2026. This tool mirrors the official layout so you can total income, deductions, the income distribution deduction, and tax and payments quickly. You can then print or save your calculated form.

Tip: Enter only whole dollars or cents; we round calculated fields to two decimals. Use the schedules on the form for charitable and distribution computations.

U.S. Income Tax Return for Estates and Trusts
Income	1	Interest income		1
	2a	Total ordinary dividends		2a
	b	Qualified dividends allocable to: (1) Beneficiaries (2) Estate or trust
	3	Business income or (loss). Attach Schedule C (Form 1040)		3
	4	Capital gain or (loss). Attach Schedule D (Form 1041)		4
	5	Rents, royalties, partnerships, other estates and trusts, etc. Attach Schedule E (Form 1040)		5
	6	Farm income or (loss). Attach Schedule F (Form 1040)		6
	7	Ordinary gain or (loss). Attach Form 4797		7
	8	Other income. List type and amount		8
	9	Total income. Combine lines 1, 2a, and 3 through 8 ▸		9
Deductions	10	Interest. Check if Form 4952 is attached ▸		10
	11	Taxes		11
	12	Fiduciary fees		12
	13	Charitable deduction (from Schedule A, line 7)		13
	14	Attorney, accountant, and return preparer fees (see instructions for §67(e) limitations)		14
	15a	Other deductions (attach schedule). See instructions for deductions allowable under section 67(e)		15a
	b	Net operating loss deduction. See instructions		15b
	c	Miscellaneous deductions (if applicable; see instructions)		15c
	16	Add lines 10 through 15c ▸		16
	17	Adjusted total income or (loss). Subtract line 16 from line 9	17
	18	Income distribution deduction (from Schedule B, line 15). Attach Schedules K-1 (Form 1041)		18
	19	Estate tax deduction including certain generation-skipping taxes (attach computation)		19
	20	Exemption (note: current IRS form shows QBI at line 20 and exemption at 21; see instructions)		20
	21	Add lines 18 through 20		21
Tax and Payments	22	Taxable income. Subtract line 21 from line 17. If a loss, see instructions		22
	23	Total tax (from Schedule G, line 7)		23
	24	Payments: a Estimated tax payments and amount applied from prior year		24a
	b	Estimated tax payments allocated to beneficiaries (from Form 1041-T)		24b
	c	Subtract line 24b from line 24a		24c
	d	Tax paid with Form 7004. See instructions		24d
	e	Federal income tax withheld. If any is from Form(s) 1099, check ▸		24e
		Other payments: f Form 2439 g Form 4136 Total ▸		24h
	25	Total payments. Add lines 24c through 24e, and 24h		25
	26	Estimated tax penalty. See instructions		26
	27	Tax due. If line 25 is smaller than the total of lines 23 and 26, enter amount owed		27
	28	Overpayment. If line 25 is larger than the total of lines 23 and 26, enter amount overpaid		28
	29	Amount of line 28 to be: a Credited to next year ▸ ; b Refunded ▸		29
Schedule A Charitable Deduction. Don't complete for a simple trust or a pooled income fund.
1	Amounts paid or permanently set aside for charitable purposes from gross income. See instructions			1
2	Tax-exempt income allocable to charitable contributions. See instructions			2
3	Subtract line 2 from line 1			3
4	Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable purposes			4
5	Add lines 3 and 4			5
6	Section 1202 exclusion allocable to capital gains paid or permanently set aside for charitable purposes. See instructions			6
7	Charitable deduction. Subtract line 6 from line 5. Enter here and on page 1, line 13			7
Schedule B Income Distribution Deduction
1	Adjusted total income. See instructions			1
2	Adjusted tax-exempt interest			2
3	Total net gain from Schedule D (Form 1041), line 19, column (1). See instructions			3
4	Enter amount from Schedule A, line 4 (minus any allocable section 1202 exclusion)			4
5	Capital gains for the tax year included on Schedule A, line 1. See instructions			5
6	Enter any gain from page 1, line 4, as a negative number. If page 1, line 4, is a loss, enter the loss as a positive number			6
7	Distributable net income. Combine lines 1 through 6. If zero or less, enter -0-			7
8	If a complex trust, enter accounting income for the tax year as determined under the governing instrument and applicable local law		8
9	Income required to be distributed currently			9
10	Other amounts paid, credited, or otherwise required to be distributed			10
11	Total distributions. Add lines 9 and 10. If greater than line 8, see instructions			11
12	Enter the amount of tax-exempt income included on line 11			12
13	Tentative income distribution deduction. Subtract line 12 from line 11			13
14	Tentative income distribution deduction. Subtract line 2 from line 7. If zero or less, enter -0-			14
15	Income distribution deduction. Enter the smaller of line 13 or line 14 here and on page 1, line 18			15
Schedule G Tax Computation (see instructions)
1 Tax: a	Tax on taxable income. See instructions		1a
b	Tax on lump-sum distributions. Attach Form 4972		1b
c	Alternative minimum tax (from Schedule I (Form 1041))		1c
d	Total. Add lines 1a through 1c ▸			1d
2a	Foreign tax credit. Attach Form 1116		2a
b	General business credit. Attach Form 3800		2b
c	Credit for prior year minimum tax. Attach Form 8801		2c
d	Bond credits. Attach Form 8912		2d
e	Total credits. Add lines 2a through 2d ▸			2e
3	Subtract line 2e from line 1d. If zero or less, enter -0-			3
4	Net investment income tax from Form 8960, line 21			4
5	Recapture taxes. Form 4255 Form 8611			5
6	Household employment taxes. Attach Schedule H (Form 1040)			6
7	Total tax. Add lines 3 through 6. Enter here and on page 1, line 23 ▸			7
Other Information					Yes	No
1	Did the estate or trust receive tax-exempt income? If “Yes,” attach a computation of the allocation of expenses. Enter the amount of tax-exempt interest income and exempt-interest dividends ▸ $
2	Did the estate or trust receive all or any part of the earnings (salary, wages, and other compensation) of any individual by reason of a contract assignment or similar arrangement?
3	At any time during the tax year, did the estate or trust have an interest in or a signature or other authority over a bank, securities, or other financial account in a foreign country? See the instructions for exceptions and filing requirements for FinCEN Form 114. If “Yes,” enter the name of the foreign country ▸
4	During the tax year, did the estate or trust receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If “Yes,” the estate or trust may have to file Form 3520.
5	Did the estate or trust receive, or pay, any qualified residence interest on seller-provided financing? If “Yes,” see the instructions for required attachment
6	If this is an estate or a complex trust making the section 663(b) election, check here. See instructions ▸
7	To make a section 643(e)(3) election, attach Schedule D (Form 1041), and check here. See instructions ▸
8	If the decedent’s estate has been open for more than 2 years, attach an explanation for the delay in closing the estate, and check here ▸
9	Are any present or future trust beneficiaries skip persons? See instructions
10	Was the trust a specified domestic entity required to file Form 8938 for the tax year?

Reminder: The official 1041 (2026) includes items such as the qualified business income (QBI) deduction and ESBT/section 965 amounts. This calculator provides core math and schedules A, B, and G totals but does not substitute for the official instructions.

Last reviewed: 2025-10-17: If you believe this form requires an update, please contact us.

About IRS Form 1041

Form 1041 reports taxable income and credits for estates and trusts. Schedule A computes the charitable deduction, Schedule B the income distribution deduction, and Schedule G the tax and payments summary. Always review the latest IRS instructions before filing.

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