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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Tax Forms, Schedules and Worksheets
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
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 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-td< -xs-9">Special Allocation of Income, Deductions and Credits
Sch K-td< -xs-9">Beneficiary's Share of Foreign Transactions
Sch K-td< -xs-9">Beneficiary's Share of Ordinary Business Income
Sch K-td< -xs-9">Beneficiary's Share of Rental Real Estate Income
Sch K-td< -xs-9">Beneficiary's Share of Other Rental Income
Sch K-td< -xs-9">Beneficiary's Instructions
Sch Ctd -12 col-xs-9">Miscellaneous Income
Sch Dtdd 9">Carryover from Prior Years
Sch Dtdd 9">Unrecaptured Section 1250 Gains
Sch Dtdd 9">Qualified Dividends Tax
Sch Dtdd 9">Schedule D Tax
Sch Dtdd 9">28% Rate Gain
Sch Etdd 9">Vacation Home Limitation
Sch Etdd 9">Schedule E Page 2 Continuation - Partnership K-1
Sch Etdd 9">Schedule E Page 2 Continuation - S-Corp. K-1
Sch Etdd 9">Schedule E Page 2 Continuation - Estate K-1
Sch Ftdd 9">Crop Insurance and Disaster Payment Postponement Statement
Sch Jtdd 9">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 td< -xs-9">
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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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Quick start options include PDF import, prior year import, and W-2 photo capture. To import your prior year return, you must either have a PDF copy of a return available or have filed your return the previous year with TaxAct. To capture your W-2 with a camera with your phone, you must be able to download and install TaxAct's mobile app and grant it the necessary camera and image privileges. To ensure accuracy, we will ask you to review any information we're able to import (either through PDF import, prior year import, or W-2 photo capture) and review it for accuracy. These quick start options save time by not requiring you to enter some of your information manually.

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