A non-grantor trust is a separate legal entity for federal tax reporting purposes; as a result, a trust is required to file a Form 1041 to report the income, deductions, gains, losses and credits ...

Form 1041 reports income earned from the grantor's date of death, and Schedule K-1 reports distributions made to beneficiaries of trusts. Trust funds are estate planning tools used to accumulate ...

Form 1041 is used to report income taxes for an estate or trust. In the event that a death benefit or retirement distribution is paid out to a trust or estate, this income is recorded on Line 8 ...