Form 1041

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Form 1041

A form that one files with the IRS to report the assets and liabilities of an estate or a trust. The assets considered include all personal property, real estate, and securities. Form 1041 is used to calculate what estate tax, if any, is owed after all the debts of the deceased are paid and all deductions and credits are applied.
References in periodicals archive ?
Simplified 1041 Form (Estates and Trusts), which includes one Schedule K-1.
The Forms Screen presents the 1041 form, tax schedules and any other required documents.