This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1041 Schedule I for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1041, U.S. Income Tax Return for Estates and Trusts. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 1041 Schedule I?
A: IRS Form 1041 Schedule I is a form used to calculate the Alternative Minimum Tax for Estates and Trusts.
Q: Who needs to file IRS Form 1041 Schedule I?
A: Estates and trusts that have income above certain thresholds are required to file IRS Form 1041 Schedule I.
Q: What is the Alternative Minimum Tax?
A: The Alternative Minimum Tax (AMT) is a separate tax calculation that ensures individuals, estates, and trusts with high income pay a minimum amount of tax, even if they have deductions or credits that would reduce their regular tax liability.
Q: What does IRS Form 1041 Schedule I calculate?
A: IRS Form 1041 Schedule I calculates the Alternative Minimum Tax for estates and trusts.
Form Details:
Download a fillable version of IRS Form 1041 Schedule I through the link below or browse more documents in our library of IRS Forms.