1041 Income Tax File returns quickly and easily with 1041 income tax software

Why choose 1041 Income Tax

Thomson Reuters ONESOURCE 1041 software automates the entire income tax reporting process for estates and trusts, from loss limitations to DNI allocations among beneficiaries. Our 1041 tax software calculates your tax return as you work — and because it's based in the cloud, you can work in real time from anywhere, using any device. You'll get all of the federal and state forms and schedules you need to prepare any Form 1041 return. Plus, you can handle these additional return filings:

  • Form 1041-A, US Information Return Trust Accumulation of Charitable Amounts
  • Form 1041-QFT, US Income Tax Return for Qualified Funeral Trusts
  • Form 5227, Split-Interest Trust Information Return
  • Form 1040NR, US Nonresident Alien Income Tax Return
  • Form 3520-A, Annual Information Return of Foreign Trust with a US Owner
  • Grantor/Agency Report

Useful links

What you get with our 1041 income tax software

Forms and schedules

Get the forms you need, including the K-1 tax form and Schedules A-F, I, and Forms 2210, 4707, 4952, 6198, 8582, 8949, and 8950.

Section 678

Perform Section 678 taxation of beneficiary (Crummey withdrawal powers).

Expense allocation

Let the program automatically allocate expenses or dictate allocations.

Passive loss

​Passive loss limitations and carry-forward calculations are included.

Data sharing

Use the 1041 module as a standalone product or integrate it with our ONESOURCE Fiduciary Accounting module to share data.

Avoid double entries

Track information for all state returns with an estate or trust filing requirement, including the District of Columbia.

Electronic filing

Submit electronic filings for any state that accepts them, as well as for all IRS-supported federal filings.

Ready to start a conversation?

Need more information about how our solutions can work for you? Drop us a line and someone from our sales team will get back to you. Or you can call a representative in your region at +1 800 331 2533.