Instructions for Form 1041 and Schedules A, B, G, J, and K-1 - Introductory Material
Future Developments
What's New
For the latest information about developments related to Form 1041 and Schedules A, B, G, J, K-1 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form1041.
Calendar year estates and trusts must file Form 1041 by April 18, 2022. The due date is April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia – even if you don’t live in the District of Columbia. If you live in Maine or Massachusetts, you have until April 19, 2022. That is because of the Patriots' Day holiday in those states.
For tax year 2021, the 20% maximum capital gains rate applies to estates and trusts with income above $13,250. The 0% and 15% rates apply to certain threshold amounts. The 0% rate applies to amounts up to $2,700. The 15% rate applies to amounts over $2,700 and up to $13,250.
Generally, an NOL arising in a tax year beginning in 2021 or later may not be carried back and instead must be carried forward indefinitely. However, farming losses arising in tax years beginning in 2021 or later may be carried back 2 years and carried forward indefinitely.
Section 965(a) inclusion amounts are not applicable for tax year 2021 and later years. However, section 965 may still apply to certain estates and trusts (including the S portion of ESBTs) where a section 965(h) or section 965(i) election has been made.
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