Form 1041 (Schedule J)(redirected from 1041 Forms (Schedule J))
Form 1041 (Schedule J)
A form that one files with the IRS to report distributions from a complex trust above the proper distributions usually made, provided that the distributions exceed the trust's income for the year. Schedule J is filed along with Form 1041, and is used in calculating estate tax liability.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved