What's a 1041 form?
Form 1041, U.S. Income Tax Return for Estates and Trusts is generally used to report the income, gains, losses, deductions, credits, etc., from the operation of an estate or trust.
Not all estates and trusts require the filing of Form 1041. See Related Information below.
An estate or trust may then "pass through" any profits or losses to its beneficiaries on a Schedule K-1.
If you need to file Form 1041, you'll need TurboTax Business.