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See When To File below for the due date for filing Form 1041-T. For the election to be valid, a trust or decedents estate must file Form 1041-T by the 65th day after the close of the tax year as shown at the top of the form. If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day.
Trust and estate deductions Form 1041 allows for an income distribution deduction that includes the total income reported on all beneficiary K-1s. You include Schedule B with the Form 1041 to take the distribution deduction.
Are funeral expenses deductible on Form 1041? No, you are not able to claim deductions for funeral expenses on Form 1041.
Form 1041: Estates or trusts must file Form 1041 by the fifteenth day of the fourth month after the close of the trusts or estates tax year. For example, for a trust or estate with a tax year ending December 31, the due date is April 15 of the following year.
Trust or estates may qualify for a six‑month extension of time to pay the tax. To request this extension, you must file Form CT-1127, Application for Extension of Time for Payment of Income Tax, with the timely-filed Connecticut income tax return or extension request.
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If you did not file federal Form 4868, you can apply for a six-month extension to file your Connecticut income tax return provided you have good cause for your request.
If federal Form 7004 was not filed, the PE can apply for a six‑month extension to file Form CT‑1065/CT‑1120SI if there is reasonable cause for the request.
If the estate generates more than $600 in annual gross income, you are required to file Form 1041, U.S. Income Tax Return for Estates and Trusts. An estate may also need to pay quarterly estimated taxes.
Schedule K-1 (Form 1041) is used to report a beneficiarys share of an estate, including income, credits, deductions and profits. Beneficiaries of an inheritance should receive a K-1 tax form inheritance statement for the 2022 tax year by the end of 2022.
Schedule B is used to determine an estates or trusts income distribution deduction. This applies to estates and trusts that were required to distribute any amount to beneficiaries during the tax year. Just like Schedule A, Schedule B is not filled out for pooled income funds.

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