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


Learn to prepare the Form 1041 and Schedule K-1 through comprehensive examples and illustrations. We will review how 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

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.


Presented by: Jaye Tritz, EA, CFP®

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