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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

Solution Articles: 
Form 1041: Completing the Beneficiary List
1041 - U.S. Fiduciary Income Tax Return

IRS Publication: https://www.irs.gov/forms-pubs/about-form-1041-t

 

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