Form 1041-ES Capital Gains Worksheet (2025)

Form 1041-ES: 2025 Tax Computation Worksheet Using Maximum Capital Gains Rates

Last reviewed: 2025-10-17

Use Tax Form 1041-ES: 2025 Tax Computation Worksheet Using Maximum Capital Gains Rates as a stand alone tax form calculator to quickly calculate specific amounts for your 2025 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.

This page implements the IRS 2025 “Tax Computation Worksheet Using Maximum Capital Gains Rates” for estates and trusts. It mirrors the worksheet in the official Form 1041-ES (2025) package. If you need the full estimator and vouchers, see our Form 1041-ES calculator.

2025 Tax Computation Worksheet Using Maximum Capital Gains Rates
2025 Tax Computation Worksheet Using Maximum Capital Gains Rates (Use this computation if the estate or trust expects a net capital gain or qualified dividends and line 6 of the 2025 Estimated Tax Worksheet is more than zero.)
Caution: Don't include any amounts allocable to the beneficiaries of the estate or trust on lines 2, 3, and 4 below.
1	Enter taxable income (from line 6 of the 2025 Estimated Tax Worksheet)				1
2	Enter the qualified dividends and net capital gain expected for 2025 (Reminder: Don't include any qualified dividends or capital gain from the disposition of property held for investment that you elect to include in investment income for investment interest expense purposes.)			2
3	Enter the 25% rate gain expected for 2025			3
4	Enter the unrecaptured section 1250 gain expected for 2025			4
5	Add lines 3 and 4 and enter the smaller of that sum or the amount of net capital gain included in line 2			5
6	Subtract line 5 from line 2. If zero or less, enter -0-				6
7	Subtract line 6 from line 1. If zero or less, enter -0-				7
8	Enter the smaller of line 1 or $3250				8
9	Enter the smaller of line 7 or line 8			9
10	Subtract line 2 from line 1. If zero or less, enter -0-			10
11	Enter the larger of line 9 or line 10			11
12	Tax on amount on line 11 from the 2025 Tax Rate Schedule				12
	Note: If the amounts on lines 8 and 9 are the same, skip lines 13 through 15 and go to line 16.
13	Enter the amount from line 8			13
14	Enter the amount from line 7			14
15	Subtract line 14 from line 13. If zero or less, enter -0-			15
	Note: If the amounts on lines 1 and 8 are the same, skip lines 16 through 37 and go to line 38.
16	Enter the smaller of line 1 or line 6			16
17	Enter the amount from line 15 (if line 15 is blank, enter -0-)			17
18	Subtract line 17 from line 16. If zero or less, enter -0-			18
19	Enter the smaller of line 1 or $15900		19
20	Add lines 11 and 15		20
21	Subtract line 20 from line 19. If zero or less, enter -0-		21
22	Enter the smaller of line 18 or line 21			22
23	Multiply line 22 by 15% (0.15)				23
24	Enter the amount from line 16			24
25	Add lines 15 and 22			25
26	Subtract line 25 from line 24. If zero or less, enter -0-			26
27	Multiply line 26 by 20% (0.2)				27
	Note: If line 5 is zero or blank, skip lines 28 through 37 and go to line 38.
28	Enter the smaller of line 2 or line 4			28
29	Add lines 2 and 11		29
30	Enter the amount from line 1		30
31	Subtract line 30 from line 29. If zero or less, enter -0-			31
32	Subtract line 31 from line 28. If zero or less, enter -0-			32
33	Multiply line 32 by 25% (0.25)				33
	Note: If line 3 is zero or blank, skip lines 34 through 37 and go to line 38.
34	Enter the amount from line 1			34
35	Add lines 11, 15, 22, 26, and 32			35
36	Subtract line 35 from line 34			36
37	Multiply line 36 by 28% (0.28)				37
38	Add lines 12, 23, 27, 33, and 37				38
39	Tax on the amount on line 1 from the 2025 Tax Rate Schedule				39
40	Tax. Enter the smaller of line 38 or line 39 here and on line 7 of the 2025 Estimated Tax Worksheet				40
Exemption Worksheet for Qualified Disability Trusts Only Keep for Your Records
Note: For 2025, a qualified disability trust is allowed a $5100 exemption and it isn't subject to phaseout. If applicable, enter $5100 on line 4 of the 2025 Estimated Tax Worksheet.
1	Maximum exemption				1
2	Enter the trust's modified AGI			2
3	Threshold amount (if applicable)			3
4	Subtract line 3 from line 2			4
5	Divide line 4 by $2500. If the result isn't a whole number, increase it to the next higher whole number			5
6	Multiply line 5 by 2% (0.02)				6
7	Multiply line 1 by line 6				7
8	Exemption. Subtract line 7 from line 1. Enter here and on line 4 of the 2025 Estimated Tax Worksheet				8
2025 Estimated Tax Worksheet Keep for Your Records
1	Enter adjusted total income expected in 2025				1
2	Enter any expected income distribution deduction			2
3	Enter any estate tax deduction			3
4	Enter exemption (see instructions)			4
5	Add lines 2 through 4				5
6	Taxable income of estate or trust. Subtract line 5 from line 1				6
7	Tax. Figure your tax on line 6 by using the 2025 Tax Rate Schedule below. (If the estate or trust expects a net capital gain or qualified dividends and line 6 is more than zero, use the 2025 Tax Computation Worksheet Using Maximum Capital Gains Rates to figure the tax.) Electing Alaska Native Settlement Trusts, see instructions				7
8	Alternative minimum tax				8
9	Add lines 7 and 8. Include any tax on lump-sum distributions from Form 4972				9
10	Credits (see instructions)				10
11	Subtract line 10 from line 9. If zero or less, enter -0-				11
12	Other taxes (see instructions)				12
13	2025 estimated tax. Add lines 11 and 12. Reduce this total by any credit you expect to claim on Form 4136				13
14a	Enter 90% of line 13 (66½% for farmers and fishermen)			14a
b	Enter the tax shown on the 2024 Form 1041 (110% of that amount if the estate’s or trust’s AGI on that return is more than $150000, and less than 2/3 of gross income for 2024 or 2025 is from farming or fishing)			14b
c	Required annual payment. Enter the smaller of line 14a or 14b				14c
15	Income tax withheld and estimated to be withheld during 2025 and other refundable credits				15
16	Subtract line 15 from line 14c				16
	Note: If line 13 minus line 15 is less than $1000, the estate or trust isn't required to make estimated tax payments.
17	Installment amount. If the first required payment is due April 15, 2025, enter 25% of line 16 (minus any prior year overpayment applied) here and on the voucher(s).				17
2025 Tax Rate Schedule
Estates and trusts, if line 6 of the 2025 Estimated Tax Worksheet above is:
Over—			But not over—	The tax is:	Of the amount over—
$0			$3150	10%	$0
$3150			$11450	$315 + 24%	$3150
$11450			$15650	$2307 + 35%	$11450
$15650			—	$3777 + 37%	$15650
Record of Estimated Tax Payments
Pay- ment no.	(a) Date	(b) Check or money order number	(c) Amount	(d) Prior year overpayment credit applied	(e) Total amount paid and credited (add (c) and (d))
1
2
3
4
Total ▸

Capital gains thresholds (2025): 0% up to $3,250; 15% from $3,250 to $15,900; 20% over $15,900. Unrecaptured §1250 gain is taxed at up to 25%; 28% rate applies to collectibles and 1202 gain. Trust tax brackets for 2025 begin at 37% over $15,650. See the IRS PDF above.

Updated for 2025: 0%/$3,250 and 20%/$15,900 thresholds; trust brackets (10/24/35/37 with base taxes $0/$315/$2,307/$3,777 and breakpoints $0/$3,150/$11,450/$15,650); QDT exemption $5,100 (no phaseout); corrected Tax Rate Schedule rows and JS writeback for line 2_5.

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

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