Question

I have a question about when to file Form 1041… When should I file?

Answer

When to File 1041

If you’re wondering when to file 1041 Forms, you should file it each year the estate is open. As long as the estate exists, a Form 1041 should be filed. The due date for filing a 1041 falls on tax day. Read on to learn the specifics…

Don’t File Form 1041 If…

Form 1041 is not needed if there is less than $600 of gross income, there is no taxable income and there aren’t any nonresident alien beneficiaries.

When is Form 1041 Due?

calendar

For calendar year estates and trusts, file Form 1041 and IRS Schedule K-1 on or before tax day.

For fiscal year estates and trusts, file Form 1041 and Schedule(s) K-1 by the 15th day of the 4th month following the close of the tax year.

More Help With Filing a Form 1041 for an Estate

In the year the estate is closed, make sure you mark the Final return box on the face of the return. Also, check the Final K-1 box at the top of Schedule K-1.

If you need more help understanding when Form 1041 is due and other questions related to estate taxes for the deceased, let H&R Block help. Whether you make an appointment with one of our knowledgeable tax pros, you can count on H&R Block to help you.

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