Period Covered

File the 2025 return for calendar year 2025 and fiscal years beginning in 2025 and ending in 2026. If the return is for a fiscal year or a short tax year (less than 12 months), fill in the tax year space at the top of the form.

The 2025 Form 1041 may also be used for a tax year beginning in 2026 if:

• Name,

• Address,

• TIN, and

• Statement that they will treat the QSF as a grantor type trust.

Widely Held Fixed Investment Trust (WHFITs) Trustees and middlemen of WHFITs don’t file Form 1041. Instead, they report all items of gross income and proceeds on the appropriate Form 1099. For the definition of a WHFIT, see Regulations section 1.671-5(b)(22). A tax information statement that includes the information given to the IRS on Forms 1099, as well as additional information identified in Regulations section 1.671-5(e), must be given to trust interest holders. See the General Instructions for Certain Information Returns for more information.