1041-T - Allocation of Estimated Tax Payments to Beneficiares

What is the form used for?

• A trust or, for its final tax year, a decedent’s estate may elect under section 643(g) to have any part of its estimated tax payments (but not income tax withheld) treated as made by a beneficiary or beneficiaries. The fiduciary files Form 1041-T to make the election. Once made, the election is irrevocable.

Is the form Supported in our program? Yes, in desktop business only.

How to access the form: After opening a 1041 type return on the Desktop program, go to Form > Add Form/Display List, and search for 1041T

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-t