Table of Contents

• Instructions for Form 1041 and Schedules A, B, D, G, I, J, and K-1 - Introductory Material
  • Changes To Note
  • Photographs of Missing Children
  • Unresolved Tax Issues
  • How To Get Forms and Publications
    • Personal Computer
    • CD-ROM
    • By Phone and in Person
• General Instructions
  • Purpose of Form
  • Income Taxation of Trusts and Decedents' Estates
  • Abusive Trust Arrangements
  • Definitions
    • Beneficiary
    • Distributable Net Income (DNI)
    • Income, Deductions, and Credits in Respect of a Decedent
    • Income Required To Be Distributed Currently
    • Fiduciary
    • Trust
  • Who Must File
    • Decedent's Estate
    • Trust
    • Special Rule for Certain Revocable Trusts
    • Alaska Native Settlement Trusts
    • Bankruptcy Estate
    • Common Trust Funds
    • Qualified Settlement Funds
  • Special Filing Instructions for Grantor Type Trusts, Pooled Income Funds, and Electing Small Business Trusts
    • Grantor Type Trusts
    • Pooled Income Funds
    • Electing Small Business Trusts
  • Electronic Filing
  • When To File
    • Private Delivery Services
    • Extension of Time To File
  • Period Covered
  • Who Must Sign
    • Fiduciary
    • Paid Preparer
    • Paid Preparer Authorization
  • Accounting Methods
  • Accounting Periods
  • Rounding Off to Whole Dollars
  • Estimated Tax
    • Exceptions
    • Electronic Deposits
    • Section 643(g) Election
  • Interest and Penalties
    • Interest
    • Late Filing of Return
    • Late Payment of Tax
    • Failure To Provide Information Timely
    • Underpaid Estimated Tax
    • Trust Fund Recovery Penalty
    • Other Penalties
  • Other Forms That May Be Required
  • Assembly and Attachments
    • Attachments
  • Additional Information
  • Of Special Interest to Bankruptcy Trustees and Debtors-in-Possession
    • Taxation of Bankruptcy Estates of an Individual
    • Who Must File
    • Employer Identification Number
    • Accounting Period
    • When To File
    • Disclosure of Return Information
    • Transfer of Tax Attributes From the Individual Debtor to the Bankruptcy Estate
    • Income, Deductions, and Credits
    • Tax Rate Schedule
    • Prompt Determination of Tax Liability
    • Special Filing Instructions for Bankruptcy Estates
• Specific Instructions
  • Name of Estate or Trust
  • Name and Title of Fiduciary
  • Address
  • A. Type of Entity
    • Decedent's Estate
    • Simple Trust
    • Complex Trust
    • Qualified Disability Trust
    • ESBT (S Portion Only)
    • Grantor Type Trust
    • Bankruptcy Estate
    • Pooled Income Fund
  • B. Number of Schedules K-1 Attached
  • C. Employer Identification Number
  • D. Date Entity Created
  • E. Nonexempt Charitable and Split-Interest Trusts
    • Section 4947(a)(1) Trust
    • Not a Private Foundation
    • Section 4947(a)(2) Trust
  • F. Initial Return, Amended Return, Final Return, or Change in Fiduciary's Name or Address
    • Amended Return
    • Final Return
    • Change in Fiduciary's Name
    • Change in Fiduciary's Address
  • G. Pooled Mortgage Account
  • Income
    • Special Rule for Blind Trust
    • Extraterritorial Income Exclusion
    • Line 1—Interest Income
    • Line 2a—Ordinary Dividends
    • Line 2b—Qualified Dividends
    • Line 3—Business Income or (Loss)
    • Line 4—Capital Gain or (Loss)
    • Line 5—Rents, Royalties, Partnerships, Other Estates and Trusts, etc.
    • Line 6—Farm Income or (Loss)
    • Line 7—Ordinary Gain or (Loss)
    • Line 8—Other Income
  • Deductions
    • Depreciation, Depletion, and Amortization
    • Allocation of Deductions for Tax-Exempt Income
    • Deductions That May Be Allowable for Estate Tax Purposes
    • Accrued Expenses
  • Limitations on Deductions
    • At-Risk Loss Limitations
    • Passive Activity Loss and Credit Limitations
    • Transactions Between Related Taxpayers
    • Line 10—Interest
    • Line 11—Taxes
    • Line 12—Fiduciary Fees
    • Line 15a—Other Deductions Not Subject to the 2% Floor
    • Line 15b—Allowable Miscellaneous Itemized Deductions Subject to the 2% Floor
    • Line 18—Income Distribution Deduction
    • Line 19—Estate Tax Deduction (Including Certain Generation- Skipping Transfer Taxes)
    • Line 20—Exemption
  • Tax and Payments
    • Line 22—Taxable Income
    • Line 24a—2003 Estimated Tax Payments and Amount Applied From 2002 Return
    • Line 24b—Estimated Tax Payments Allocated to Beneficiaries
    • Line 24d—Tax Paid With Extension of Time To File
    • Line 24e—Federal Income Tax Withheld
    • Line 24f—Credit For Tax Paid on Undistributed Capital Gains
    • Line 24g—Credit for Federal Tax on Fuels
    • Line 26—Estimated Tax Penalty
    • Line 27—Tax Due
    • Line 29a—Credited to 2004 Estimated Tax
  • Schedule A—Charitable Deduction
    • General Instructions
    • Specific Instructions
  • Schedule B—Income Distribution Deduction
    • General Instructions
    • Specific Instructions
  • Schedule G—Tax Computation
    • Line 1a
    • Line 2a—Foreign Tax Credit
    • Line 2b—Other Nonbusiness Credits
    • Line 2c—General Business Credit
    • Line 2d—Credit for Prior Year Minimum Tax
    • Line 3—Total Credits
    • Line 5—Recapture Taxes
    • Line 6—Household Employment Taxes
    • Line 7—Total Tax
  • Other Information
    • Question 1
    • Question 2
    • Question 3
    • Question 4
    • Question 5
    • Question 6
    • Question 7
    • Question 9
  • Schedule I—Alternative Minimum Tax
    • Changes To Note
    • General Instructions
    • Specific Instructions
    • Part II—Income Distribution Deduction on a Minimum Tax Basis
    • Part III—Alternative Minimum Tax Computation
    • Part IV—Line 52 Computation Using Maximum Capital Gains Rates
  • Schedule D (Form 1041)— Capital Gains and Losses
    • Changes To Note
    • General Instructions
    • Specific Instructions
    • Part IV—Capital Loss Limitation
    • Part V—Tax Computation Using Maximum Capital Gains Rates
  • Schedule J (Form 1041) — Accumulation Distribution for Certain Complex Trusts
    • General Instructions
    • Specific Instructions
    • Part II—Ordinary Income Accumulation Distribution
    • Part III—Taxes Imposed on Undistributed Net Income
    • Part IV—Allocation to Beneficiary
  • Schedule K-1 (Form 1041)— Beneficiary's Share of Income, Deductions, Credits, etc.
    • A Change To Note
    • General Instructions
    • Specific Instructions
• Instructions for Form 1041 and Schedules A, B, D, G, I, J, and K-1 - Notices
  • Paperwork Reduction Act Notice.
• A. Where To File
• Index