Trusts Part 4: Finalizing Form 1041 and Preparing Schedule K-1 Webinar


Learn to prepare the Form 1041 and Schedule K-1 through comprehensive examples and illustrations. We will review how to report income on Schedule K-1 depending on whether the trust is simple or complex, and you’ll learn the differences of distributable net income on a final trust return versus any other tax year. The webinar also includes information on tax credits and when the net investment income tax applies for a trust.


Upon completion of this course, you will be able to:

  • Prepare Form 1041 for a trust
  • Calculate the appropriate estimated tax payments for a trust
  • Determine when a trust is subject to the net investment income tax (NIIT)
  • Complete a Schedule K-1 for each beneficiary’s share of distributable net income so the beneficiaries can accurately prepare their individual tax returns

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.


Presented by: Jaye Tritz, EA, CFP®

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