Federal housing law
Form 1041 (Schedule K-1) — Beneficiary's Share of Income, Deductions, Credits, etc.
Federal housing law as enacted — verbatim and citable.
- Edition
- 2026-10-03
- Last updated
- 2026-10-04
- Jurisdiction
- United States
Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1041sk1.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).
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| Final K-1 Amended K-1 OMB No. 1545-0092 Schedule K-1 2025 Part III Beneficiary’s Share of Current Year Income, (Form 1041) Deductions, Credits, and Other Items Department of the Treasury For calendar year 2025, or tax year 1 Interest income 11 Final year deductions Internal Revenue Service beginning / / ending / / 2a Ordinary dividends Beneficiary’s Share of Income, Deductions, 2b Qualified dividends Credits, etc. See back of form and instructions. |
Final K-1 | Amended K-1 OMB No. 1545-0092 | ||||||
|---|---|---|---|---|---|---|---|---|
| Schedule K-1 (Form 1041) 2025 Beneficiary’s Share of Income, Deductions, Credits, etc. Department of the Treasury Internal Revenue Service See back of form and instructions. OMB No. 1545-0092 Final K-1 Amended K-1 For calendar year 2025, or tax year beginning / / ending / / Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III **1 ** Interest income 2a Ordinary dividends 2b Qualified dividends 11 Final year deductions |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III |
| Schedule K-1 (Form 1041) 2025 Beneficiary’s Share of Income, Deductions, Credits, etc. Department of the Treasury Internal Revenue Service See back of form and instructions. OMB No. 1545-0092 Final K-1 Amended K-1 For calendar year 2025, or tax year beginning / / ending / / Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III **1 ** Interest income 2a Ordinary dividends 2b Qualified dividends 11 Final year deductions |
**1 ** | **1 ** | **1 ** | Interest income |
Interest income |
Interest income |
11 | Final year deductions |
| Schedule K-1 (Form 1041) 2025 Beneficiary’s Share of Income, Deductions, Credits, etc. Department of the Treasury Internal Revenue Service See back of form and instructions. OMB No. 1545-0092 Final K-1 Amended K-1 For calendar year 2025, or tax year beginning / / ending / / Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III **1 ** Interest income 2a Ordinary dividends 2b Qualified dividends 11 Final year deductions |
2a | 2a | 2a | Ordinary dividends |
Ordinary dividends |
Ordinary dividends |
||
| Schedule K-1 (Form 1041) 2025 Beneficiary’s Share of Income, Deductions, Credits, etc. Department of the Treasury Internal Revenue Service See back of form and instructions. OMB No. 1545-0092 Final K-1 Amended K-1 For calendar year 2025, or tax year beginning / / ending / / Beneficiary’s Share of Current Year Income, Deductions, Credits, and Other Items Part III **1 ** Interest income 2a Ordinary dividends 2b Qualified dividends 11 Final year deductions |
2b | 2b | 2b | Qualified dividends |
Qualified dividends |
Qualified dividends |
||
| Information About the Estate or Trust Part I |
**3 ** | **3 ** | **3 ** | Net short-term capital gain |
Net short-term capital gain |
Net short-term capital gain |
||
| AEstate’s or trust’s employer identification number | ||||||||
| AEstate’s or trust’s employer identification number | 4a | 4a | 4a | Net long-term capital gain |
Net long-term capital gain |
Net long-term capital gain |
||
| BEstate’s or trust’s name | 4b | 4b | 4b | 28% rate gain |
28% rate gain |
28% rate gain |
12 | Alternative minimum tax adjustment |
| BEstate’s or trust’s name | 4c | 4c | 4c | Unrecaptured section 1250 gain | Unrecaptured section 1250 gain | Unrecaptured section 1250 gain | ||
| BEstate’s or trust’s name | **5 ** | **5 ** | **5 ** | Other portfolio and nonbusiness income |
Other portfolio and nonbusiness income |
Other portfolio and nonbusiness income |
||
| CFiduciary’s name, address, city, state, and ZIP code | ||||||||
| CFiduciary’s name, address, city, state, and ZIP code | ||||||||
| CFiduciary’s name, address, city, state, and ZIP code | **6 ** | **6 ** | **6 ** | Ordinary business income |
Ordinary business income |
Ordinary business income |
Ordinary business income |
Ordinary business income |
| CFiduciary’s name, address, city, state, and ZIP code | **6 ** | **6 ** | **6 ** | Ordinary business income |
Ordinary business income |
Ordinary business income |
||
| CFiduciary’s name, address, city, state, and ZIP code | **7 ** | **7 ** | **7 ** | Net rental real estate income |
Net rental real estate income |
Net rental real estate income |
Net rental real estate income |
Net rental real estate income |
| CFiduciary’s name, address, city, state, and ZIP code | **7 ** | **7 ** | **7 ** | Net rental real estate income |
Net rental real estate income |
Net rental real estate income |
13 | Credits and credit recapture |
| CFiduciary’s name, address, city, state, and ZIP code | **8 ** |
**8 ** |
**8 ** |
Other rental income |
Other rental income |
Other rental income |
Other rental income |
Other rental income |
| CFiduciary’s name, address, city, state, and ZIP code | **8 ** |
**8 ** |
**8 ** |
Other rental income |
Other rental income |
Other rental income |
||
| D Check if Form 1041-T was filed and enter the date it was filed E Check if this is the final Form 1041 for the estate or trust |
9 | 9 | 9 | Directly apportioned deductions | Directly apportioned deductions | Directly apportioned deductions | Directly apportioned deductions | Directly apportioned deductions |
| D Check if Form 1041-T was filed and enter the date it was filed E Check if this is the final Form 1041 for the estate or trust |
9 | 9 | 9 | Directly apportioned deductions | Directly apportioned deductions | Directly apportioned deductions | ||
| D Check if Form 1041-T was filed and enter the date it was filed E Check if this is the final Form 1041 for the estate or trust |
||||||||
| D Check if Form 1041-T was filed and enter the date it was filed E Check if this is the final Form 1041 for the estate or trust |
14 | Other information | ||||||
| D Check if Form 1041-T was filed and enter the date it was filed E Check if this is the final Form 1041 for the estate or trust |
||||||||
| D Check if Form 1041-T was filed and enter the date it was filed E Check if this is the final Form 1041 for the estate or trust |
||||||||
| Information About the Beneficiary Part II |
10 | 10 | 10 | Estate tax deduction | Estate tax deduction | Estate tax deduction | Estate tax deduction | Estate tax deduction |
| FBeneficiary’s identifying number | FBeneficiary’s identifying number | FBeneficiary’s identifying number | FBeneficiary’s identifying number | FBeneficiary’s identifying number | FBeneficiary’s identifying number | FBeneficiary’s identifying number | ||
| FBeneficiary’s identifying number | ||||||||
| GBeneficiary’s name, address, city, state, and ZIP code | ||||||||
| GBeneficiary’s name, address, city, state, and ZIP code | ||||||||
| GBeneficiary’s name, address, city, state, and ZIP code | ||||||||
| GBeneficiary’s name, address, city, state, and ZIP code | * See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
* See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
* See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
* See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
* See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
* See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
* See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
* See attached statement for additional information. **Note:**A statement must be attached showing the beneficiary’s share of income and directly apportioned deductions from each business, rental real estate, and other rental activity. |
| GBeneficiary’s name, address, city, state, and ZIP code | For IRS Use Only | For IRS Use Only | For IRS Use Only | For IRS Use Only | For IRS Use Only | For IRS Use Only | For IRS Use Only | For IRS Use Only |
| H Domestic beneficiary Foreign beneficiary |
For Paperwork Reduction Act Notice, see the Instructions for Form 1041. www.irs.gov/Form1041 Cat. No. 11380D Schedule K-1 (Form 1041) 2025 Created 5/2/25
Schedule K-1 (Form 1041) 2025 Page 2
This list identifies the codes used on Schedule K-1 for beneficiaries and provides summarized reporting information for beneficiaries who file Form 1040 or 1040-SR. For detailed reporting and filing information, see the Instructions for Schedule K-1 (Form 1041) for a Beneficiary Filing Form 1040 or 1040-SR and the instructions for your income tax return.
Report on
1. Interest income Form 1040 or 1040-SR, line 2b
2a. Ordinary dividends Form 1040 or 1040-SR, line 3b
2b. Qualified dividends Form 1040 or 1040-SR, line 3a
3. Net short-term capital gain Schedule D, line 5
4a. Net long-term capital gain Schedule D, line 12
4b. 28% rate gain 28% Rate Gain Worksheet, line 4 (Schedule D instructions)
4c. Unrecaptured section 1250 gain Unrecaptured Section 1250 Gain Worksheet, line 11 (Schedule D instructions)
G Credit for small employer health
13. Credits and credit recapture
Code Report on
A Credit for estimated taxes Form 1040 or 1040-SR, line 26
B Credit for backup withholding Form 1040 or 1040-SR, line 25c
C Low-income housing credit
D Advanced manufacturing production
credit
E Clean electricity production credit
F Work opportunity credit
5. Other portfolio and nonbusiness income
H Biofuel producer credit
Schedule E, line 33, column (f)
insurance premiums
6. Ordinary business income Schedule E, line 33, column (d) or (f)
7. Net rental real estate income Schedule E, line 33, column (d) or (f)
8. Other rental income Schedule E, line 33, column (d) or (f)
9. Directly apportioned deductions
Code
A Depreciation Form 8582; or Schedule E, line 33, column (c) or (e)
B Depletion Form 8582; or Schedule E, line 33, column (c) or (e)
C Amortization Form 8582; or Schedule E, line 33, column (c) or (e)
10. Estate tax deduction Schedule A, line 16
11. Final year deductions
A Excess deductions – Section 67(e) Schedule 1 (Form 1040), line 24k
expenses (also see the beneficiary’s instructions)
nuclear power facilities
I Credit for increasing research activities
J Renewable electricity production
credit
K Empowerment zone employment credit
L Clean fuel production credit
M Orphan drug credit
See the beneficiary’s instructions
N Credit for employer-provided childcare
facilities and services
O Biodiesel and renewable diesel fuels
credit
P Credit to holders of tax credit bonds
Q Credit for employer differential wage
payments
R Recapture of credits
S Credit for production from advanced
B Excess deductions – Non-miscellaneous
itemized deductions
See the beneficiary’s instructions
T Zero-emission nuclear power production
credit
C Short-term capital loss carryover Schedule D, line 5
Schedule D, line 12; line 5 of the
D Long-term capital loss carryover wksht. for Sch. D, line 18; and line 16
of the wksht. for Sch. D, line 19 E Net operating loss carryover — Schedule 1 (Form 1040), line 8a
14. Other information
13. Credits and credit recapture
Code
A Credit for estimated taxes
B Credit for backup withholding
C Low-income housing credit
D Advanced manufacturing production
credit
E Clean electricity production credit
F Work opportunity credit
G Credit for small employer health
insurance premiums
H Biofuel producer credit
I Credit for increasing research activities
J Renewable electricity production
credit
K Empowerment zone employment credit
L Clean fuel production credit
M Orphan drug credit
N Credit for employer-provided childcare
facilities and services
O Biodiesel and renewable diesel fuels
credit
P Credit to holders of tax credit bonds
Q Credit for employer differential wage
payments
R Recapture of credits
S Credit for production from advanced
nuclear power facilities
T Zero-emission nuclear power production
credit
ZZ Other credits
14. Other information
}¶
B Foreign taxes Schedule 3 (Form 1040), line 1; or Schedule A, line 6
C Qualified rehabilitation expenditures See the beneficiary’s instructions
D Basis of energy property See the beneficiary’s instructions
E Net investment income Form 4952, line 4a
F Gross farm and fishing income Schedule E, line 42
D Long-term capital loss carryover
A Tax-exempt interest Form 1040 or 1040-SR, line 2a
regular tax
Schedule 1 (Form 1040), line 8a
F Net operating loss carryover —
minimum tax
Form 6251, line 2f
12. Alternative minimum tax (AMT) items A Adjustment for minimum tax purposes Form 6251, line 2j
B AMT adjustment attributable to
qualified dividends
See the Instructions for Form 8873
Form 8960, line 7 (also see the beneficiary’s instructions)
C AMT adjustment attributable to
net short-term capital gain
D AMT adjustment attributable to
net long-term capital gain
E AMT adjustment attributable to
unrecaptured section 1250 gain
G Foreign trading gross receipts
(Section 942(a))
H Adjustment for section 1411 net
investment income or deductions
I Section 199A information
J Qualifying advanced coal project
property and qualifying gasification project property
K Qualifying advanced energy project
F AMT adjustment attributable to
28% rate gain
G Accelerated depreciation
H Depletion
I Amortization
}¶
See the beneficiary’s instructions and the Instructions for Form 6251
See the beneficiary’s instructions property
}¶
J Exclusion items 2026 Form 8801
L Advanced manufacturing investment
property
M Clean electricity investment credit
ZZ Other information
Note: If you are a beneficiary who does not file a Form 1040 or 1040-SR, see instructions for the type of income tax return you are filing.