What is the form used for?
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.
Is the form Supported in our program? Yes
How to access the form: To access the form you will need to change the package in the Business software then start a New Return in the 1041 Package.
Limits to the form: You may only have one copy of this form entered
IRS Publication:https://www.irs.gov/forms-pubs/about-form-1041
