1041 Income Tax Enhance your tax process with 1041 income tax return software

Gain control of most tax functions for tax forms and schedules, including the K-1 tax form and Schedules A-F, I, and Forms 2210, 4707, 4952, 6198, 8582, 8949, 8950 and more. The ONESOURCE Trust & Estate Administration 1041 module automates the process from loss limitations to DNI allocations among beneficiaries, and calculates your tax return as you work. Plus, you can perform:

  • Section 678 taxation of beneficiary (Crummey withdrawal powers)
  • Let the program automatically allocate expenses or tell it how you want them allocated. Passive loss limitations and carry-forward calculations
  • Form 6198 at-risk limitations calculations are automatic
  • Grantor statements
  • And more

The 1041 Income Tax module tracks state information as well—no more double entries. State returns are available for:

  • California
  • Connecticut (Taxable and Non-Taxable)
  • Delaware
  • Illinois
  • Maryland
  • Massachusetts
  • Michigan
  • New York
  • New Jersey
  • North Carolina
  • Ohio
  • Pennsylvania
  • Virginia