TaxAct 2019 Estates & Trusts Edition

TaxAct 2019 Estates & Trusts Edition

TaxAct Estates & Trusts (Form 1041)

The fast, easy and affordable way to prepare and e-file your federal Estates & Trusts tax return.

Maximize deductions

TaxAct's list of common estate & trust expenses to help you report and maximize common deductions.

Does the work for you

Just answer simple, plain-English interview questions and TaxAct automatically calculates and enters your data into the appropriate tax forms.

Unlimited free support

Stumped by a tax question? Get one-on-one guidance from a tax specialist and TaxAct expert by email or phone (upon product payment) for free!

Automatic beneficiary allocation

1041 Schedule K-1 items automatically allocate and update as estate & trust income, deductions and credits change. Once complete, Schedule K-1 data can be imported into TaxAct Plus.

Depreciation and disposal summaries

Don't miss any valuable deductions! TaxAct's Depreciation and Disposal Summaries make reviewing your current, future, and accumulated assets fast and easy.

Beneficiary distributive share report

Provides a detailed review of all the beneficiaries' distributive share items as reports on each beneficiary's Schedule K-1.

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Federal Forms, Schedules & Worksheets
1041 Forms:
1041
U.S. Income Tax Return for Estates and Trusts
1041-A
U.S. Information Return Trust Accumulation of Charitable Amounts
1041-T
Allocation of Estimated Tax Payments to beneficiaries
1041-V
Payment Voucher
1041-ES
Estimated Income Tax for Estates and Trusts
1045
Application for Tentative Refund
1116
Foreign Tax Credit
2210
Underpayment of Estimated Tax by Individuals
2210-F
Underpayment of Estimated Tax by Farmers and Fishermen
2848
Power of Attorney and Declaration of Representative
3115
Application for Change in Accounting Method
3468
Investment Credit
3800
General Business Credit
4136
Credit for Tax Paid on Fuels
4562
Depreciation and Amortization
4684
Casualties and Thefts
4797
Sales of Business Property
4952
Investment Interest Expense
4972
Tax on Lump-Sum Distributions
8896
Low Sulfur Diesel Fuel Production Credit
8900
Qualified Railroad Track Maintenance Credit
8903
Domestic Production Activities Deduction
8906
Distilled Spirits Credit
8907
Nonconventional Source Fuel Credit
8908
Energy Efficient Home Credit
8909
Energy Efficient Appliance Credit
8910
Alternative Motor Vehicle Credit
8911
Alternative Fuel Vehicle Refueling Property Credit
8923
Mine Rescue Team Training Credit
8931
Agricultural Chemicals Security Credit
8932
Credit for Employer Differential Wage Payments
8933
Carbon Dioxide Sequestration Credit
8936
Qualified Plug-in Electric Drive Motor Vehicle Credit
8594
Asset Acquisition Statement
8609
Low-Income Housing Credit Allocation and Certification
8609-A
Annual Statement for Low-Income Housing Credit
8960
Net Investment Income Tax
8824
Like-Kind Exchanges
8826
Disabled Access Credit
8829
Expenses for Business Use of Your Home
8833
Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)
8835
Renewable Electricity, Refined Coal, and Indian Coal Production Credit
8844
Empowerment Zone Employment Credit
8845
Indian Employment Credit
8846
Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
8855
Election to Treat a Qualified Revocable Trust as Part of an Estate
8864
Biodiesel and Renewable Diesel Fuels Credit
8868
Application for Extension of Time to File an Exempt Organization Return
8874
New Markets Credit
8879-F
Tax Declaration to E-File
8881
Credit for Small Employer Pension Plan Startup Costs
8882
Credit for Employer-Provided Childcare Facilities and Services
56
Notice Concerning Fiduciary Relationship
5884
Work Opportunity Credit
6198
At-Risk Limitations
6252
Installment Sale Income
6478
Alcohol and Cellulosic Biofuel Fuels Credit
6765
Credit for Increasing Research Activities
6781
Gains and Losses from Section 1256 Contracts and Straddles
7004
Application for Automatic Extension of Time to File
8453-FE
Declaration for an IRS e-file Return
8582
Passive Activity Loss Limitations
8582-CR
Passive Activity Credit Limitations
8586
Low-Income Housing Credit
8941
Credit for Small Employer Health Insurance Premiums
8944
Preparer e-file Hardship Waiver Request
8948
Preparer Explanation for Not Filing Electronically
8949
Sales and Other Dispositions of Capital Assets
8801
Credit for Prior Year Minimum Tax
8820
Orphan Drug Credit
1041 Schedules:
C
Profit or Loss from Business
D
Capital Gains and Losses
F
Profit and Loss from Farming
I
Alternative Minimum Tax – Estate and Trusts
J
Accumulation Distribution for Certain Complex Trusts
K-1
Beneficiary's Share of Income, Deductions, Credits, etc.
1045-B
NOL Carryover
E
Supplemental Income and Loss
H
Household Employment Taxes
1045-A
NOL
8938
Statement of Specified Foreign Financial Assets
1041 Worksheets:
1041
Other Income
1041
Miscellaneous Income
1041
Interest Deductions
1041
Deductible Taxes
1041
Other Deductions
1041
Estate Tax Deduction
1041
Recapture Taxes
1041
Other Taxes
1041
Qualified Mortgage Insurance Premiums Deduction
1041
Estate or Trust Accounting Income
1041
Allocation of Deductions to Income
1041
Total Allocations of Income, Deductions and Credits
1041
Total Allocation of Depreciation
1041
Payments of Estimated Tax
1041
Payments of State Estimated Tax
1041
Payments of Local Estimated Tax
1041
Excess Farm Loss
1041
Federal Statements
1041
Amended Return Statements
Sch K-1
Special Allocation of Income, Deductions and Credits
Sch K-1
Beneficiary's Share of Foreign Transactions
Sch K-1
Beneficiary's Share of Ordinary Business Income
Sch K-1
Beneficiary's Share of Rental Real Estate Income
Sch K-1
Beneficiary's Share of Other Rental Income
Sch K-1
Beneficiary's Instructions
Sch C/ Sch E
Miscellaneous Income
Sch D
Carryover from Prior Years
Sch D
Unrecaptured Section 1250 Gains
Sch D
Qualified Dividends Tax
Sch D
Schedule D Tax
Sch D
28% Rate Gain
Sch E
Vacation Home Limitation
Sch E
Schedule E Page 2 Continuation - Partnership K-1
Sch E
Schedule E Page 2 Continuation - S-Corp. K-1
Sch E
Schedule E Page 2 Continuation - Estate K-1
Sch F
Crop Insurance and Disaster Payment Postponement Statement
Sch J
Allocation to Beneficiary
1045
Net Operating Loss Classification
1045
Detail and Notes
1116
From 1099s or K-1s
1116
Manual Information Entry
1116
Foreign Tax Credit Additional Information
1116
Passive Category Income
1116
General Category Income
1116
Certain Income Re-Sourced by Treaty
1116
Lump-Sum Distributions
1116
Detail and Notes
1116
AMT Detail and Notes
1116
Gross Income from All Sources
1116
Capital Gain Adjustment - Line 18
1116
AMT Capital Gain Adjustment
2106
Employee, Farmer, or Partner Business Use of Home
2220
Annualized Income
2220
Underpayment Penalty Calculation
2220
Underpayment Penalty Rates
3800
General Business Credit Carryforwards
3800
General Business Credit Carrybacks
3800
Eligible Small Business Credit Carryforwards
3800
Credit Carryforward Statement
3115
Statement of Explanations
4562
Asset Depreciation and Vehicle Expenses
4562
Amortization
4562
Amortization Overflow Summary
4562
Vehicles and Listed Property Information
4562
Pre-1987 ACRS Depreciation
4562
Section 179 Summary
4562
Amortization Expenditure Summary
4562
Listed Property Used Greater than 50% Summary
4562
Listed Property Used 50% or less Summary
4562
Information on Use of Vehicles Summary
4864
Casualties and Thefts Section A
4864
Casualties and Thefts Section B
4797
Supplement for Form 4797 Part I
4797
Supplement for Form 4797 Part II
6781
Supplement for Form 6781 Part I
6781
Supplement for Form 6781 Part II Section A
6781
Supplement for Form 6781 Part II Section B
6781
Supplement for Form 6781 Part III
6781
Supplement for Form 6781
8582
Passive Worksheets
8582
Passive Activity Credit Calculations
8586
Transactions between Foreign Disregarded Entities of a Foreign Tax Owner
8586
Transfer of Property to a Foreign Partnership
8586
Acquisitions, Dispositions, and Changes of Interest in a Foreign Partnership
8586
Partner's Share of Income, Credits, Deductions, etc.
8586
Form 8865 Schedule K-1 Additional Information
8912
Part III - Bond Credit(s) reported to you on Form 1097-BTC
8912
Part IV - Bond Credit(s) not reported on Form 1097-BTC
8949
Form 8949 Attachment Section Totals
8960
Net Gains and Losses
E-Filing Information
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Surprisingly Legal Deductions and Credits

*TaxAct is a DIY tax software that guides users in accurately preparing their taxes by reviewing over 350 credits and deductions. Examples of specific deductions and credits don't work for all folks or in all circumstances and by themselves don't constitute legal or tax advice. Your personal tax situation may vary.

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The TaxAct Online 2019 Free Edition makes free federal available for simple returns only. Not everyone has a simple return. Find out if you have a simple return and more about what the 2019 Free Edition includes here.

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