Note:
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
Form 1041T is used by an estate or trust to make an election to transfer the estimated tax payment from the 1041 account to the individual accounts of the beneficiaries.
Review the account to decide if estimated credits have already been transferred to the beneficiaries. Refer to the Decision Table below.
If
Then
The credits have already been transferred
No action is required.
The credits have not been transferred and are frozen with a -P Freeze
No action is required.
The credits have not been transferred and are refunding
Notify lead to contact Accounts Management Function for correct resolution.
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