Fillable Form 1041-A

What is Form 1041-A?

Form 1041-A, U.S. Information Return Trust Accumulation of Charitable Amounts, is an Internal Revenue Service (IRS) form used by an individual or business reporting the income, capital gains, deductions and losses for a dependent’s estate or living trust after one’s death.

Form 1041 A is used to report the trust accumulation of charitable amounts required by section 6034. Any trust that claims a charitable income tax deduction must file the 1041 A Tax Form if the trust is not split-interest.

The trustee must file IRS Form 1041-A for a trust that claims a charitable or other deduction under section 642(c), unless the following exceptions apply:

File IRS Form 1041 A by April 15 following the close of the calendar year. If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day. File Form 1041-A at the following address:

Department of Treasury

Internal Revenue Service Center

Ogden, UT 84201-0027

How to fill out Form 1041-A?

Using PDFQuick, you can electronically fill out and download a PDF copy of the 1041-A Tax Form in minutes. Fill it out by following the instructions below.

Calendar Year

Enter the calendar year you’re filing the tax form.

Name of Trust

Enter the name of your trust.

Employer Identification Number

Enter your trust’s employer identification number (EIN).

Name of Trustee

Enter your full name.

Number, Street, and Room or Suite Number

Enter your number, street, and room or suite number, or P.O. box.

City or Town, State, and ZIP Code

Enter your city or town, state, and ZIP code.

Part I – Income and Deductions

If your total income is $25,000 or less, skip lines 1 to 8 and enter the total income on line 9.

Income

Line 1

Enter all taxable interest income that was received by the trust.

Line 2

Enter all ordinary and qualified dividends received by the trust.

Line 3

If the trust operated a business, enter the net profit or loss from Schedule C of Form 1040. Then, attach Schedule C (Form 1040), Profit or Loss From Business.

Line 4

Enter the total of all classes of long-term capital gain. Then, attach Schedule D of Form 1041, Capital Gains and Losses.

Line 5

Enter the net profit or loss from Schedule E of Form 1040 to report the trust’s income or losses from rents, royalties, partnerships, S corporations, other estates and trusts, and REMICs (real estate mortgage investment conduit). Then, attach Schedule E (Form 1040), Supplemental Income and Loss.

Line 6

If the trust operated a farm, enter the net profit or loss from Schedule F of Form 1040 to report farm income and expenses. Then, attach Schedule F (Form 1040), Profit or Loss From Farming.

Line 7

Enter from Form 4797, Sales of Business Property, the gain or loss from the sale or exchange of property (other than capital assets) and also from involuntary conversions (other than casualty or theft). Then, attach Form 4797.

Line 8

Enter the type of income and its amount that is includible in gross income but not included on lines 1 through 6 on the dashed line to the left of the entry space. If more space is needed, attach a statement. Then, enter the total of these items in the entry space to the right.

Line 9

Enter the total income by adding lines 1 through 8.

Deductions

Line 10

Enter the amount of interest (subject to limitations) paid or incurred by the estate or trust on amounts borrowed by the estate or trust, or on debt acquired by the estate or trust (for example, outstanding obligations from the decedent) that isn’t claimed elsewhere on the return.

Line 11

Enter any deductible taxes paid or incurred during the tax year that aren’t deductible elsewhere on Form 1041, U.S. Income Tax Return for Estates and Trusts.

Line 12

Enter any charitable deduction, including charitable purpose, payee’s name, and payee’s address.

Line 13

Enter any deductible trustee fees.

Line 14

Expenses for preparation of fiduciary income tax returns, the decedent’s final individual income tax returns, and all estate and generation-skipping transfer tax returns are fully deductible. However, expenses for preparing all other tax returns, including gift tax returns, are considered costs commonly and customarily incurred by individuals and are not deductible.

Line 15

Attach your own statement, listing by type and amount all allowable deductions that aren’t deductible elsewhere on Form 1041, U.S. Income Tax Return for Estates and Trusts.

Part II – Distributions of Income Set Aside for Charitable Purposes

Line 16

Enter the accumulated income set aside in prior tax years for which a deduction was claimed under section 642(c).

Lines 17a to 17e

Enter the income set aside in prior tax years for which a deduction was claimed under section 642(c) and which was distributed during the current tax year. Itemize by charitable purpose and include the payee’s name and address.

Do not merely enter the category (that is, religious, charitable, scientific, literary, or educational), but also enter the purpose of the deduction. For example, “payments of $4,000 to indigent persons for medical purposes,” or a “grant of $25,000 to equip the chemistry lab at a university.”

Line 18

Enter the total amount by adding lines 17a through 17e.

Line 19

Enter the balance by subtracting line 18 from line 16.

Line 20

Enter the income set aside during the current tax year for which a deduction was claimed under section 642(c).

Line 21

Enter the carryover by adding lines 19 and 20.

Part III – Distributions of Principal for Charitable Purposes

Line 22

Enter the principal distributed in prior tax years for charitable purposes.

Lines 23a to 23e

Enter the principal distributed during the current tax year for charitable purposes. Itemize by charitable purpose and include the payee’s name and address.

See the Instructions for Form 1041, U.S. Income Tax Return for Estates and Trusts, for more information regarding the allowance of deductions for amounts permanently set aside for a charitable purpose.

Line 24

Enter the total amount by adding lines 23a through 23e.

Part IV – Balance Sheets

If your total income on line 9 is $25,000 or less, complete only lines 38, 42, and 45.

Complete the balance sheets using the accounting method the trust uses in keeping its books and records. All filers must complete columns (a) and (b).

Assets

When space is provided to the left of column (a) for reporting receivables and the related allowance for doubtful accounts or depreciable assets and accumulated depreciation, enter the end-of-year figures.

Line 25

Enter the amount of cash on deposit in checking accounts, deposits in transit, change funds, petty cash funds, or any other non-interest-bearing accounts. Do not include advances to employees or officers or refundable deposits paid to suppliers or others.

Line 26

Enter the total of cash in savings or other interest-bearing accounts and temporary cash investments, such as money market funds, commercial paper, certificates of deposit, and U.S. Treasury bills or other governmental obligations that mature in less than 1 year.

Line 27

Enter the total accounts receivable (reduced by the corresponding allowance for doubtful accounts) that arose from the sale of goods and/or the performance of services.

Claims against vendors or refundable deposits with suppliers or others may be reported here if not significant in amount. If significant in amount, report them (with any advances to employees or officers) on line 37.

Line 28

Enter the combined total of notes receivable and net loans receivable (including receivables due from officers, directors, trustees, and other disqualified persons). In an attached schedule, show the following information (preferably in columnar format):

Line 29

Enter the amount of materials, goods, and supplies purchased or manufactured by the trust and held for sale or use in some future period.

Line 30

Enter the amount of short-term and long-term prepayments of future expenses attributable to one or more future accounting periods. Examples include prepayments of rent, insurance, and pension costs.

Lines 31 to 33

Enter the book value (which may be market value) of the following investments on the appropriate line:

Attach a schedule that lists each security held at the end of the year and shows whether the security is listed at cost (including the value recorded at the time of receipt in the case of donated securities) or end-of-year market value. Do not include amounts on line 26.

Government obligations reported on line 31 are those that mature in 1 year or more. Debt securities of the U.S. government may be reported as a single total rather than itemized. Obligations of state and municipal governments may also be reported as a lump-sum total. Do not combine U.S. government obligations with state and municipal obligations on the attached schedule.

Line 34

Attach a schedule of all land, buildings, and equipment that are held for investment purposes, such as rental properties. List the cost or other basis of these assets, accumulated depreciation, and end-of-year book value.

Line 35

Enter the amount of all other investment holdings not reported on lines 31 through 34. Attach a schedule describing each of these investments held at the end of the year. List the cost, or other bases, and the end-of-year book value.

Line 36

Attach a schedule of all land, buildings, and equipment that aren’t held for investment purposes, such as the trust’s offices. List the cost or other basis of these assets, accumulated depreciation, and end-of-year book value. 

Line 37

Enter the book value of any trust assets that haven’t been reported on lines 25 through 36. If more space is needed, attach a separate schedule with a description of the asset, date acquired, and end-of-year book value.

Line 38

Enter the total assets by adding lines 25 through 37.

Liabilities

Line 39

Enter the total accounts payable to suppliers and others, and accrued expenses such as salaries payable, accrued payroll taxes, and interest payable.

Line 40

Attach a schedule showing, as of the end of the year, the total amount of all mortgages payable, and for each non-mortgage note payable, the lender’s name and the other information specified in the line 28 instructions.

Line 41

Enter the book value of any trust liabilities that haven’t been reported on lines 39 or 40. If more space is needed, attach a separate schedule with a description of the liability and amount.

Line 42

Enter the total liabilities by adding lines 39 through 41.

Net Assets

Line 43

Enter the amount of trust principal or corpus.

Line 44

Enter the amount of undistributed income and profits.

Line 45

Enter the total net assets by adding lines 43 and 44.

Line 46

Enter the total liabilities and net assets by adding lines 42 and 45.

Signature of Trustee or Officer Representing Trustee

Form 1041-A must be signed by the trustee or by an authorized representative.

Date

Enter the date you or your authorized representative signed the form.

Print/Type Preparer’s Name

If you, as a trustee (or an employee or officer of the trust), fill in Form 1041-A, the Paid Preparer section should be left blank. Otherwise, enter the full name of the paid preparer.

Preparer’s Signature

If you’re a paid preparer, affix your signature.

Date

Enter the date you signed the form.

Check if self-employed

Mark the box if you’re self-employed.

PTIN

Enter your preparer's tax identification number.

Firm’s Name

Enter your firm’s name.

Firm’s EIN

Enter your firm’s employer identification number.

Firm’s Address

Enter your firm’s complete address.

Phone Number

Enter your phone number.