Part I: the estate or trust
Items A to E: the estate's or trust's EIN and name, the fiduciary's name and address, a box to show Form 1041-T was filed and its date, and a box for the final Form 1041.
1041
Beneficiary's Share of Income, Deductions, Credits, etc.
- Agency
- IRS
- Revision
- 2025
- Fillable fields
- 74
- Pages
- 2
- Official source
- IRS form page
- Checked
- October 21, 2026
Schedule K-1 (Form 1041): Beneficiary's Share of Income, Deductions, Credits, etc.
Schedule K-1 (Form 1041) reports a beneficiary's share of the income, deductions, credits and other items of a trust or a decedent's estate. The Instructions for Form 1041 say the fiduciary, or one of the joint fiduciaries, files it: a copy of each beneficiary's Schedule K-1 is attached to the Form 1041 filed with the IRS, and each beneficiary is given a copy of their own.
The beneficiary then uses the amounts on their own return. The beneficiary instructions say to keep the schedule for your records and not to file it with your tax return, unless backup withholding was reported in box 13, code B. Page 2 of the schedule lists where a beneficiary who files Form 1040 or 1040-SR reports each box and code.
This page covers the 2025 schedule, for calendar year 2025 or the fiscal tax year entered at the top. You can fill out the PDF free in your browser on this page and download it without an account.
What's on Schedule K-1 (Form 1041)
Part II: the beneficiary
Items F to H: the beneficiary's identifying number, name and address, and whether the beneficiary is domestic or foreign.
Boxes 1 to 8: income
Interest, ordinary and qualified dividends, net short-term and long-term capital gain, 28% rate gain, unrecaptured section 1250 gain, other portfolio and nonbusiness income, ordinary business income and rental income.
Boxes 9 to 11: deductions
Directly apportioned depreciation, depletion and amortization, the estate tax deduction, and final year deductions such as excess deductions and capital loss or net operating loss carryovers.
Boxes 12 to 14: AMT, credits and other
Box 12 holds alternative minimum tax items with codes A to J, box 13 credits and credit recapture, and box 14 other information such as tax-exempt interest, foreign taxes and section 199A information.
Page 2: where each item goes
A list of every box and code with the Form 1040 or 1040-SR line, schedule or worksheet where a beneficiary reports it, or a pointer to the beneficiary's instructions.
How to fill out Schedule K-1 (Form 1041)
- 1
Tax year and top boxes
For a fiscal year or short tax year, fill in the tax year space at the top. Check Final K-1 if this is the final Schedule K-1 for the beneficiary, and Amended K-1 on an amended schedule.
- 2
Part I
Enter the name, address and identifying number of the estate or trust and the name and address of the fiduciary. Check item D and add the date if Form 1041-T was filed, and item E in the final year.
- 3
Part II
Complete one schedule for each beneficiary with their name, address and identifying number. The instructions allow truncating the number on the copy sent to the beneficiary, but not on the copy filed with the IRS.
- 4
Part III amounts
Enter the beneficiary's share of each item of income, deduction and credit. The instructions say no negative amounts are shown for any class of income in boxes 1 through 8.
- 5
Codes and statements
In box 9 and boxes 11 through 14, enter a code to the left of each amount. Add an asterisk after the code for an item with an attached statement, and STMT in the amount space when it can't be one dollar figure.
- 6
Give each beneficiary instructions
The Instructions for Form 1041 say each beneficiary is provided the Instructions for Schedule K-1 (Form 1041) for a Beneficiary Filing Form 1040 or 1040-SR, or other prepared instructions for each item.
These steps follow the fiduciary's instructions in the Instructions for Form 1041.
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Where it goes, deadlines and corrections
Where each copy goes
A copy of each beneficiary's Schedule K-1 is attached to the Form 1041 filed with the IRS, each beneficiary is given their copy, and one copy is kept for the fiduciary's records.
Deadline
The Instructions for Form 1041 say Schedule K-1 is provided, on or before the day Form 1041 is required to be filed, to each beneficiary who receives a distribution of property or an allocation of an item of the estate.
Penalties
The Instructions for Form 1041 say a $340 penalty may be imposed for each failure to provide Schedule K-1 when due or to include all required information, up to $4,098,500 for all such failures in a calendar year.
Beneficiary's copy
The beneficiary instructions say to keep it for your records and not to file it with your tax return, unless backup withholding was reported in box 13, code B. Then a copy is attached to the return.
Errors and inconsistent treatment
A beneficiary who believes there is an error notifies the fiduciary and asks for an amended or corrected Schedule K-1, without changing items on their copy. Form 8082 covers treatment that differs from the estate's or trust's return.
Substitute schedules
No IRS approval is needed for a substitute that is an exact copy, with the same box numbers, titles, order and format, and the OMB number and six-digit form ID code in the upper right corner.
Related forms
1041
U.S. Income Tax Return for Estates and Trusts
173 fields, 3 pages
1041-T
Allocation of Estimated Tax Payments to Beneficiaries (Under Code section 643(g))
57 fields, 2 pages
8082
Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR)
59 fields, 2 pages
1040
U.S. Individual Income Tax Return
199 fields, 2 pages
W-9
Request for Taxpayer Identification Number and Certification
23 fields, 6 pages
8995
Qualified Business Income Deduction Simplified Computation
33 fields, 1 page
Who fills out Schedule K-1 (Form 1041)?
The fiduciary of the estate or trust completes the schedule. Each beneficiary receives a copy and reads it when preparing their own return.
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Questions about Form 1041
Who prepares Schedule K-1 (Form 1041)?
The fiduciary of the estate or trust. The Instructions for Form 1041 say the fiduciary, or one of the joint fiduciaries, files it with Form 1041 and gives each beneficiary a copy.
Do I attach Schedule K-1 to my Form 1040?
The beneficiary instructions say to keep it for your records and not to file it with your return, unless backup withholding was reported in box 13, code B. In that case a copy is attached.
Why does my Schedule K-1 show only part of my SSN?
The beneficiary instructions say the schedule may show only the last four digits of your identifying number, but the estate or trust has reported the complete number to the IRS.
What if I think my Schedule K-1 is wrong?
The beneficiary instructions say to notify the fiduciary and ask for an amended or corrected Schedule K-1, and not to change any items on your copy. If no agreement is reached, they point to Form 8082.
What do the Final K-1 box and item E mean?
The beneficiary instructions say a checked item E means this is the final year of the estate or trust, and a checked Final K-1 box means this is the final return for the beneficiary.
What does STMT in a box mean?
The fiduciary attached a statement with more information for that item. An asterisk after the code also marks an item with an attached statement.