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

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.