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TaxAct 2020 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

Never get stumped by a tax question. Search for the fastest answers in the Answer Center, or contact us for free account & technical support when you need it.

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
Form 1041 U.S. Income Tax Return for Estates and Trusts
Form 1041A U.S. Information Return Trust Accumulation of Charitable Amounts
Form 1041T Allocation of Estimated Tax Payments to Beneficiaries
Form 1041V Payment Voucher
Form 1045 Application for Tentative Refund
Form 1116 Foreign Tax Credit
Form 1116 Foreign Tax Credit for AMT
Form 2210 Underpayment of Estimated Tax by Individuals Estates and Trusts
Form 2210F Underpayment of Estimated Tax by Farmers and Fishermen
Form 2848 Power of Attorney and Declaration of Representative
Form 3115 Application for Change in Accounting Method
Form 3468 Investment Credit
Form 3800 General Business Credit
Form 4136 Credit for Federal Tax Paid on Fuels
Form 4562 Depreciation and Amortization
Form 461 Limitation on Business Losses
Form 4684 Casualties and Thefts
Form 4797 Sales of Business Property
Form 4952 Investment Interest Expense
Form 4972 Tax on Lump Sum Distributions
Form 56 Notice Concerning Fiduciary Relationship
Form 5884 Work Opportunity Credit
Form 6198 At Risk Limitations
Form 6252 Installment Sale Income
Form 6478 Biofuel Producers Credit
Form 6765 Credit for Increasing Research Activities
Form 6781 Gains and Losses From Section 1256 Contracts and Straddles
Form 7004 Application for Automatic Extension of Time to File
Form 8453FE U.S. Estate or Trust Declaration for an IRS efile Return
Form 8582 Passive Activity Loss Limitations
Form 8582CR Passive Activity Credit Limitations
Form 8586 Low Income Housing Credit
Form 8594 Asset Acquisition Statement Under Section 1060
Form 8609 Low Income Housing Credit Allocation and Certification
Form 8801 Credit for Prior Year Minimum Tax
Form 8820 Orphan Drug Credit
Form 8824 Like Kind Exchanges
Form 8826 Disabled Access Credit
Form 8829 Expenses for Business Use of Your Home
Form 8833 Treaty Based Return Position Disclosure Under Section 6114 or 7701(b)
Form 8835 Renewable Electricity Refined Coal and Indian Coal Production Credit
Form 8844 Empowerment Zone Employment Credit
Form 8845 Indian Employment Credit
Form 8846 Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips
Form 8855 Election to Treat a Qualified Revocable Trust as Part of an Estate
Form 8864 Biodiesel and Renewable Diesel Fuels Credit
Form 8868 Application for Extension of Time to File an Exempt Organization Return
Form 8874 New Markets Credit
Form 8878A Electronic Funds Withdrawal Authorization for Form 7004
Form 8879F IRS efile Signature Authorization for Form 1041
Form 8881 Credit for Small Employer Pension Plan Startup Costs
Form 8882 Credit for Employer Provided Childcare Facilities and Services
Form 8896 Low Sulfur Diesel Fuel Production Credit
Form 8900 Qualified Railroad Track Maintenance Credit
Form 8903 Domestic Production Activities Deduction
Form 8906 Distilled Spirits Credit
Form 8908 Energy Efficient Home Credit
Form 8910 Alternative Motor Vehicle Credit
Form 8911 Alternative Fuel Vehicle Refueling Property Credit
Form 8923 Mine Rescue Team Training Credit
Form 8932 Credit for Employer Differential Wage Payments
Form 8933 Carbon Dioxide Sequestration Credit
Form 8936 Qualified Plugin Electric Drive Motor Vehicle Credit
Form 8938 Statement of Specified Foreign Financial Assets
Form 8941 Credit for Small Employer Health Insurance Premiums
Form 8944 Preparer efile Hardship Waiver Request
Form 8948 Preparer Explanation for Not Filing Electronically
Form 8949 Sales and Other Dispositions of Capital Assets
Form 8960 Net Investment Income Tax
Form 8995 Qualified Business Income Deduction Simplified Computation
Form 8995A Qualified Business Income Deduction
Form 8997 Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments
Form 965 Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System
Schedule C Profit or Loss From Business
Schedule D Capital Gains and Losses
Schedule E Supplemental Income and Loss
Schedule F Profit or Loss From Farming
Schedule H Household Employment Taxes
Schedule I Alternative Minimum Tax Estates and Trusts
Schedule J Accumulation Distribution for Certain Complex Trusts
Schedule K1 Beneficiary's Share of Income Deductions Credits etc.
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TaxAct Costs Less: “20% less” or “File for less” claim based on comparison with TurboTax federal pricing for paid consumer online 1040 filing products on 3/12/2021. “$15 less” claim based on comparison with TurboTax federal pricing for paid consumer online 1040 filing products on 3/29/2021.

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Deduction Maximizer: TaxAct's Deduction Maximizer guides you step by step through the process of completing your return in a way that helps you uncover additional tax advantages, and helps you maximize your deductions by checking dozens of additional deductions we know from experience folks don't think to look for. Each deduction you claim may reduce the amount of tax you owe, resulting in a lower IRS bill overall.

My TaxPlan™: Your customized My TaxPlanTM features potential refund-growing opportunities and easy-to-follow instructions based on information you provide for your current tax return. Refund boost claimed in advertising calculated using recent IRS statistics and trade press regarding contributions to retirement accounts. We will highlight other potential savings, too, so your refund boost could be bigger.

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