Instructions for Form IL-1041 Fiduciary Income and Replacement Tax Return - Illinois

Form IL-1041 Schedule CR Credit for Tax Paid to Other States - Illinois

This document contains official instructions for Form IL-1041 , Fiduciary Income and Replacement Tax Return - a form released and collected by the Illinois Department of Revenue. An up-to-date fillable Form IL-1041 Schedule CR is available for download through this link.

FAQ

Q: Who needs to file Form IL-1041?
A: Executors, administrators, trustees, and other fiduciaries of estates and trusts who have income that is taxable in Illinois generally need to file Form IL-1041.

Q: What is the purpose of Form IL-1041?
A: Form IL-1041 is used to report the income, deductions, and tax liability of estates and trusts.

Q: When is Form IL-1041 due?
A: Form IL-1041 is due on the 15th day of the 4th month following the close of the tax year, which is usually April 15th.

Q: Do I need to file Form IL-1041 if the estate or trust doesn't have any income?
A: Yes, if the estate or trust is required to file a federal income tax return, you must still file Form IL-1041 even if there is no income.