Instructions for Form 1041-N

(Rev. December 2022)

U.S. Income Tax Return for Electing Alaska Native Settlement Trusts

Department of the Treasury

Internal Revenue Service

Section references are to the Internal Revenue Code unless 

otherwise noted.

Future Developments

For the latest information about developments related to 

Form 1041-N and its instructions, such as legislation enacted 

after they were published, go to IRS.gov/Form1041N.

General Instructions

Use this revision for tax years beginning after 2017.

Purpose of Form

Under section 646, an Alaska Native Settlement Trust 

(ANST) may elect to apply special income tax treatment to 

the trust and its beneficiaries. This one-time election is made 

by filing Form 1041-N in the first tax year of the trust. Form 

1041-N is used to report an ANST's income, deductions, 

gains, losses, etc., and to figure and pay any income tax due. 

Form 1041-N is also used to report special information 

applicable to an ANST's filing requirements.

Definitions

An ANST is a settlement trust within the meaning of section 

3(t) of the Alaska Native Claims Settlement Act (ANCSA).

An Alaska Native Corporation (ANC) has the same 

meaning as the term "Native Corporation" has under section 

3(m) of the ANCSA.

A sponsoring ANC means the ANC that transfers assets 

to an electing ANST.

A trustee is a fiduciary of the trust. Any reference in these 

instructions to “you” means the trustee of the trust.

Tax Treatment of an Electing ANST

Adjusted Gross Income (AGI)

Figure the AGI of an electing ANST by subtracting from total 

income (line 5) administrative costs (lines 7 through 9) and 

the exemption amount (line 11). Administrative costs are 

deductible to the extent they would not have been incurred if 

the property were not held by the ANST.

Taxable Income

In general, an electing ANST's taxable income is figured in 

the same manner as any other taxable trust (see Internal 

Revenue Code subchapter J). However, the electing ANST 

isn't allowed to take an income distribution deduction, though 

it can claim an exemption deduction, the amount of which 

depends on the terms of the trust.

See the Schedule K instructions for information on the 

beneficiaries' tax treatment of distributions received from the 

ANST.

Income Assignment From a Native Corporation

The ANST reports income assignments from an ANC on 

the appropriate income line consistent with the type of 

income assigned to the ANST. See Part III—Other 

Information, Question 1, later, for the information required to 

be attached to the form.

Tax

An electing ANST pays tax on its taxable income at the 

lowest rate specified for single individuals (10%). If the ANST 

has net capital gain or qualified dividends, use the tax 

computation on Part IV of Schedule D, which applies a 0% 

rate on its adjusted net capital gain.

Disqualifying Acts

If, at any time, a beneficial interest in an ANST may be 

disposed of to a person in a manner that isn't permitted by 

section 7(h) of the ANCSA (if the interest were settlement 

common stock), then:

• If no election has previously been made, the ANST can't 

elect special tax treatment under section 646 for the trust and 

its beneficiaries; or

• If the election is in effect at that time:

1. The election won't apply as of the first day of the tax 

year in which a prohibited disposition is first allowed;

2. The section 646 tax treatment won't apply to the trust 

for that tax year or in any subsequent tax years; and

3. The distributable net income of the trust will be 

increased by the current or accumulated earnings and profits 

of the sponsoring ANC as of the close of the tax year, after 

adjustment is made for all distributions made by the 

sponsoring ANC during the tax year. However, this increase 

is limited to the fair market value (FMV) of the trust's assets 

as of the date the beneficial interest of the trust first becomes 

disposable.

If stock in the sponsoring ANC may be disposed of to a 

person in a manner that isn't allowed by section 7(h) of the 

ANCSA (if the stock were settlement common stock) and at 

any time after such disposition of stock is first allowed, the 

corporation transfers assets to an ANST, then items 1, 2, and 

3 above will apply to the ANST in the same manner as if the 

ANST allowed dispositions of beneficial interests in the 

ANST in a manner not allowed by section 7(h) of the ANCSA.

The surrender of an interest in an ANC or an electing 

ANST by the shareholder or beneficiary, for a whole or partial 

redemption or for the whole or partial liquidation of the 

corporation or trust, will be considered a transfer allowed by 

section 7(h) of the ANCSA.

Information Reporting Requirements

Electing ANSTs must complete Schedule K and file it with 

Form 1041-N. The ANST must also provide a copy of 

Schedule K to the sponsoring ANC by the date Form 1041-N 

is required to be filed with the IRS. The ANST isn't required to 

provide information to the beneficiaries on distributions made 

to them. The sponsoring ANC will provide the beneficiaries 

with any required information.

Oct 04, 2022 Cat. No. 38105U
Who Must File

The trustee of any electing ANST having any taxable income, 

or having gross income of at least $600 for the tax year, must 

file Form 1041-N for that year.

Making the Election

The trustee of an ANST must make this election by 

the due date (including extensions) for filing the 

ANST's tax return for its first tax year.

The trustee makes the election for the ANST by signing Form 

1041-N in the signature block on page 1. The return must be 

filed by the due date (including extensions) for filing the 

ANST's tax return for its first tax year. Once the election is 

made, it applies to all subsequent years and can't be 

revoked.

When To File

ANSTs file Form 1041-N by the 15th day of the 4th month 

following the close of the tax year. If the due date falls on a 

Saturday, Sunday, or legal holiday, file on the next business 

day.

Private Delivery Services

You can use certain private delivery services (PDSs) 

designated by the IRS to meet the "timely mailing as timely 

filing" rule for tax returns. Go to IRS.gov/PDS for the current 

list of designated services.

The PDS can tell you how to get written proof of the 

mailing date.

For the IRS mailing address to use if you’re using a PDS, 

go to IRS.gov/PDSStreetAddresses.

PDSs can't deliver items to P.O. boxes. You must 

use the U.S. Postal Service to mail any item to an 

IRS P.O. box address.

Extension of Time To File

Use Form 7004, Application for Automatic Extension of Time 

To File Certain Business Income Tax, Information, and Other 

Returns, to request an automatic extension of time to file.

An extension of time to file doesn't extend the time to pay 

the tax.

Where To File

File Form 1041-N at the following address.

Department of the Treasury

Internal Revenue Service

Ogden, UT 84201-0027

Who Must Sign

The trustee or an authorized representative must sign Form 

1041-N.

Paid Preparer

Generally, anyone who is paid to prepare a tax return must 

sign the return and provide the information requested in the 

Paid Preparer Use Only area of the return. The person 

required to sign the return must:

• Complete the required preparer information;

• Sign it in the space provided for the preparer's signature; 

and

CAUTION

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CAUTION

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• Give you a copy of the return for your records, in addition 

to the copy to be filed with the IRS.

Paid Preparer Authorization

If the trustee wants to allow the IRS to discuss the ANST's 

tax return with the paid preparer who signed it, check the 

“Yes” box in the signature area of the return. This 

authorization applies only to the individual whose signature 

appears in the Paid Preparer Use Only section of the ANST's 

return. It doesn't apply to the firm, if any, shown in that 

section.

If the “Yes” box is checked, the trustee is authorizing the 

IRS to call the paid preparer to answer any questions that 

may arise during the processing of the ANST's return. The 

trustee is also authorizing the paid preparer to:

• Give the IRS any information that is missing from the 

ANST's return;

• Call the IRS for information about the processing of the 

ANST's return or the status of its refund or payment(s); and

• Respond to certain IRS notices that the trustee has shared 

with the preparer about math errors, offsets, and return 

preparation. The notices won't be sent to the preparer.

The trustee isn't authorizing the paid preparer to receive 

any refund, enter into any agreement (including those 

regarding additional tax liability), or otherwise represent the 

ANST before the IRS. If the trustee wants to expand the paid 

preparer's authorization, see Pub. 947, Practice Before the 

IRS and Power of Attorney.

The authorization can't be revoked. However, the 

authorization will automatically end no later than the due date 

(regardless of extensions) for filing the ANST's next tax 

return.

Accounting Methods

Figure taxable income using the method of accounting 

regularly used in keeping the ANST's books and records. 

Generally, permissible methods include the cash method, the 

accrual method, or any other method authorized by the 

Internal Revenue Code. In all cases, the method used must 

clearly reflect income.

Generally, the ANST may change its accounting method 

(overall method or for any material item) only by getting 

consent on Form 3115, Application for Change in Accounting 

Method. For more information, see Pub. 538, Accounting 

Periods and Methods.

Accounting Periods

All electing ANSTs must adopt a calendar year.

Rounding Off to Whole Dollars

You may round off cents to whole dollars on the ANST's 

return and schedules. If you do round to whole dollars, you 

must round all amounts. To round, drop amounts under 50 

cents and increase amounts from 50 to 99 cents to the next 

dollar. For example, $1.39 becomes $1 and $2.50

becomes $3.

If you have to add two or more amounts to figure the 

amount to enter on a line, include cents when adding the 

amounts and round off only the total.

Estimated Tax

Generally, an ANST must pay estimated income tax if it 

expects to owe at least $1,000 after subtracting withholding 

-2- Instructions for Form 1041-N (Rev. 12-2022)
and credits. For details and exceptions, see Form 1041-ES, 

Estimated Income Tax for Estates and Trusts.

Interest and Penalties

Interest

Interest is charged on taxes not paid by the due date, even if 

an extension of time to file is granted. Interest is also charged 

on the failure-to-file penalty, the accuracy-related penalty, 

and the fraud penalty. The interest charge is figured at a rate 

determined under section 6621.

Late Filing of Return

The law provides a penalty of 5% of the tax due for each 

month, or part of a month, that the return isn’t filed up to a 

maximum of 25% of the tax due. If the return is more than 60 

days late, the minimum penalty is the smaller of $435 or the 

tax due. The penalty won’t be imposed if you can show that 

the failure to file on time is due to reasonable cause. If you 

receive a notice about penalty and interest after you file this 

return, send us an explanation, and we will determine if you 

meet reasonable-cause criteria. Don’t attach an explanation 

when you file Form 1041-N.

For more information about penalties for late filing, see 

Late Filing of Return in the Instructions for Form 1041.

Late Payment of Tax

Section 6651 also provides for penalties for late payment. 

Generally, the penalty for not paying the tax when due is 1/2 

of 1% of the unpaid amount for each month or part of a 

month it remains unpaid. The maximum penalty is 25% of the 

unpaid amount. The penalty is imposed on the net amount 

due. Any penalty is in addition to interest charges on late 

payments.

If you include interest or either of these penalties with 

your payment, identify and enter these amounts in 

the bottom margin of Form 1041-N. Don’t include the 

interest or penalty amount in the balance of tax due on 

line 18.

Underpaid Estimated Tax

If the trustee underpaid estimated tax, use Form 2210, 

Underpayment of Estimated Tax by Individuals, Estates, and 

Trusts, to figure any penalty due. Enter the amount of the 

penalty in the bottom margin of Form 1041-N. Don’t include it 

in the balance of tax due on line 18.

Other Penalties

Other penalties can be imposed for negligence, substantial 

understatement of tax, and fraud. See Pub. 17, Your Federal 

Income Tax, for details on these penalties.

Specific Instructions

Enter the year (or period) for which you are filing for the 

electing ANST.

Part I—General Information

Line 1—Name of Trust

Enter the exact name that was used to apply for the employer 

identification number (EIN) for the trust to file Form 1041-N.

CAUTION

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Line 3a—Name and Title of Trustee

Enter the name and title (if any) of the trustee. If a fiduciary 

relationship was created or terminated, file Form 56, Notice 

Concerning Fiduciary Relationship.

If a fiduciary relationship wasn't created or terminated but 

the fiduciary had a change in name or another fiduciary's 

name was entered, check the “Change in fiduciary's name” 

box on line 6.

Line 3b—Address

Include the suite, room, or other unit number after the street 

address. If the Post Office doesn't deliver mail to the street 

address and you have a P.O. box, show the box number 

instead of the street address.

If you change your address after filing Form 1041-N, use 

Form 8822-B, Change of Address or Responsible 

Party—Business, to notify the IRS.

If a different address from the prior year was entered and 

Form 8822-B wasn't filed, check the box on line 6 for 

“Change in fiduciary's address.”

Line 6

Be sure to check all the boxes that apply. Also, see the 

line 3a and line 3b instructions above for information 

regarding a change in the fiduciary's name and for 

information on changes to the fiduciary's address.

Part II—Tax Computation

Income

Line 2a—Total Ordinary Dividends

Report the total of all ordinary dividends received during the 

tax year.

Line 2b—Qualified Dividends

Enter the ANST's total qualified dividends on line 2b and use 

Part IV of Schedule D to figure the ANST's tax. Qualified 

dividends are eligible for a lower tax rate than other ordinary 

income. Generally, these dividends are shown in box 1b of 

Form(s) 1099-DIV, Dividends and Distributions. See Pub. 

550, Investment Income and Expenses, for the definition of 

qualified dividends if you received dividends not reported on 

Form 1099-DIV.

Exceptions. Some dividends may be reported as qualified 

dividends in box 1b of Form 1099-DIV but aren't qualified 

dividends. These include the following.

• Dividends received on any share of stock that the ANST 

held for less than 61 days during the 121-day period that 

began 60 days before the ex-dividend date. The ex-dividend 

date is the first date following the declaration of a dividend on 

which the purchaser of a stock isn't entitled to receive the 

next dividend payment. When counting the number of days 

the ANST held the stock, include the day you disposed of the 

stock but not the day you acquired it.

• Dividends attributable to periods totaling more than 366 

days that the ANST received on any share of preferred stock 

held for less than 91 days during the 181-day period that 

began 90 days before the ex-dividend date. Preferred 

dividends attributable to periods totaling less than 367 days 

are subject to the 61-day holding period rule above.

• Dividends on any share of stock to the extent that the 

ANST is under an obligation (including a short sale) to make 

Instructions for Form 1041-N (Rev. 12-2022) -3-
related payments with respect to positions in substantially 

similar or related property.

• Payments in lieu of dividends, but only if you know or have 

reason to know that the payments aren't qualified dividends.

Line 3—Capital Gain or (Loss)

Enter the gain from Schedule D, line 11, or the loss from 

Schedule D,

line 12.

Note. Report capital gain distributions on Schedule D (Form 

1041-N), line 7.

Line 4—Other Income

List the type and amount of income not included on lines 1a 

through 3. List the types and amounts on an attached 

schedule if the ANST has more than one item of other 

income.

Include on line 4 taxable contributions received from an 

ANC. See also Part III—Other Information, Question 1, later, 

for additional information that may need to be attached to the 

return. Include on this line income recognized on the early 

disposition of noncash property for which the ANST 

previously made a section 247(g) election. See also Part 

III—Other Information, Question 1, later, for additional 

information that may need to be attached to the return. 

Include on this line the ordinary income recognized on the 

disposition of property for which the ANST made a section 

247(g) election. Report on Schedule D (Form 1041-N) the 

capital gain recognized on such disposition. See Section 

247(g) Election Property in the Instructions for Schedule D 

(Form 1041-N) for additional information.

If the ANST is reporting global intangible low-taxed 

income (GILTI), include it on the attached statement. 

Complete and attach Form 8992.

Deductions

Allocation of Deductions for Tax-Exempt Income

Generally, no deduction is allowed for any expense that is 

allocable to tax-exempt income, such as interest on state or 

local bonds.

Exceptions. State income taxes and business expenses 

that are allocable to tax-exempt interest are deductible.

Expenses that are directly allocable to tax-exempt income 

are allocable only to tax-exempt income. A reasonable 

proportion of expenses indirectly allocable to both 

tax-exempt income and other income must be allocated to 

each class of income.

Limitations on Deductions

Generally, the amount an ANST has "at-risk" limits the loss it 

can deduct in any tax year. Also, section 469 and its 

regulations generally limit losses from passive activities to 

the amount of income derived from all passive activities. 

Similarly, credits from passive activities are generally limited 

to the tax attributable to such activities.

For details on these and other limitations on deductions, 

see Deductions in the Instructions for Form 1041.

Miscellaneous itemized deductions subject to the 2% floor 

will not be allowed for tax years 2018 through 2025.

Line 9—Other Deductions

Attach a schedule listing by type and amount all allowable 

deductions that aren't deductible elsewhere on the form. No 

deduction is allowed for distributions to beneficiaries.

An ANST may elect under section 965(n) to determine the 

amount of the net operating loss (NOL) for a tax year 

determined under section 172 and the amount of taxable 

income to be reduced by NOL carryovers or carrybacks to 

such tax year without regard to certain amounts under 

section 172. The amount not taken into consideration (the 

reduction amount) is generally equal to the amount of the 

section 965(a) inclusion (net of the section 965(c) deduction). 

If, as a result of an election under section 965(n), the amount 

of the NOL for the tax year is adjusted, the reduction amount 

is included in other income on line 4. If, as a result of an 

election under section 965(n), the taxable income reduced by 

NOL carryovers or carrybacks is reduced, the NOL deduction 

on line 4 is reduced by the reduction amount. See section 

965(n) and the regulations thereunder for more information.

In determining whether an expense is deductible it must 

be determined whether the expense would be "commonly or 

customarily" incurred by a hypothetical individual owning the 

same property. A cost incurred by an ANST is an allowable 

deduction to the extent that it is excluded from the definition 

of miscellaneous itemized deductions under section 67(b) 

and commonly or customarily would not be incurred by a 

hypothetical individual holding the same property.

Include on line 9 the deduction for qualified business 

income. For information on how to figure the trust's deduction 

for qualified business income, see Form 8995, Qualified 

Business Income Deduction Simplified Computation, and 

Form 8995-A, Qualified Business Income Deduction.

Line 10—Reserved for Future Use

Don’t enter any information on line 10.

Line 11—Exemption

A trust whose governing instrument requires all income to be 

distributed currently is allowed a $300 exemption, even if it 

distributed amounts other than income during the tax year. 

All other trusts are allowed a $100 exemption.

Tax and Payments

Line 14—Tax

If the ANST doesn't have a net capital gain or qualified 

dividends and has an amount greater than zero on line 13, 

check the first box on line 14, multiply the amount on line 13 

by 10% (0.10), and enter the result on line 14.

Schedule D. If the ANST had a net capital gain (or qualified 

dividends) and any taxable income, complete Part IV of 

Schedule D (Form 1041-N), enter the tax (or -0-, if 

applicable) from line 28 of Schedule D on line 14, and check 

the “Schedule D” box.

-4- Instructions for Form 1041-N (Rev. 12-2022)
Line 15—Credits

Specify the type of credit being claimed or form number and 

attach any required credit forms. If you are claiming more 

than one type of credit, attach a schedule listing the type and 

amount of each credit claimed. See the Instructions for Form 

1041 for details on the credits that may be claimed.

Line 17—Reserved for Future Use

Don’t enter any information on line 17.

Line 18—Total Tax

If the ANST owes any additional taxes (for example, 

recapture taxes), include these taxes on line 18. To the left of 

the entry space, enter the type and amount of the tax. Also 

attach to Form 1041-N any forms required to figure these 

taxes. See the Instructions for Form 1041 for more details on 

additional taxes that may apply.

If the ANST shows more than one type of additional tax on 

this line, attach a schedule showing the type and amount of 

each tax, and include the total of all additional taxes on this 

line.

Report on this line of an amended return the additional 

10% tax for the year in which the ANST received a 

contribution of noncash property from an ANC, elected to 

defer the recognition of income under section 247(g), but 

disposed of the property within the first tax year subsequent 

to the tax year the ANST received the property. The increase 

in tax due to the inclusion of the deferred income, which is 

the base amount for the computation of the additional 10% 

tax shown on this line, should be included on line 14. If the 

amended return also shows changes to income, deductions, 

or credits unrelated to the inclusion of the deferred income, 

attach a schedule showing the computation of the additional 

tax due only to the inclusion of the deferred income. See also 

Part III—Other Information, Question 1, later, for the 

statement to be attached to the amended return.

Line 19—Current Year Net 965 Tax Liability Paid

If the ANST made a payment with respect to a current 

year net 965 tax liability resulting from an S-corporation 

triggering event, enter on line 19 the amount of the payment 

reported on Form 965-A, Part II, column (k), for the current 

year.

Line 20—Payments

Include on line 20 any:

• Estimated tax payments made for the tax year;

• Tax paid with a request for an extension of time to file;

• Federal income tax withheld (for example, backup 

withholding);

• Payment made in the current year with respect to a net 

965 tax liability; and

• Credit for tax paid on undistributed capital gains. Attach 

Copy B of Form 2439, Notice to Shareholder of Undistributed 

Long-Term Capital Gains.

Line 21—Tax Due

You must pay the tax in full when the return is filed to avoid 

interest charges and possible penalties. Make the check or 

money order payable to “United States Treasury.” Write the 

EIN, the tax year, and “Form 1041-N” on the payment. 

Enclose, but don't attach, the payment with Form 1041-N.

Part III—Other Information

Question 1

If you answer “Yes” to this question, attach the following 

information, as necessary.

Assignment of income under section 139G. Attach a 

copy of the written assignment received from the ANC. See 

Income Assignment From a Native Corporation, earlier, for 

how to report the assigned income.

Property for which the ANC made an election under 

section 247(e). Attach the statement required under section 

6039H(e) received from the ANC. If the ANST elects under 

section 247(g) to defer recognition of income related to any 

noncash property received from the ANC, clearly identify on 

the statement for which noncash property the ANST is 

making the election and describe the property (if the 

statement from the ANC does not describe it). Include in 

other income (line 4) the amount of income otherwise 

required to be recognized by the ANST.

All other property. Attach a description of the property, the 

date the ANST received the property, and the FMV of the 

property on that date.

Revocation of prior section 247(g) election by the 

ANST. Attach a copy of the statement attached to the return 

on which the ANST made the election. Clearly identify on the 

statement the noncash property for which the ANST is 

revoking the prior election. For noncash property for which 

the ANST is revoking the prior election, include on the 

appropriate line of the amended return (and attach any 

required supporting schedules) the additional income the 

ANST recognized as a result of revoking the election. For 

each property for which the ANST both revokes the election 

and does not recognize additional income, attach a 

statement that identifies such property and the reason for not 

recognizing additional income.

Early disposition of property for which the ANST made 

a section 247(g) election. An early disposition of property 

for which the ANST made a section 247(g) election is a 

disposition that occurs during the first tax year subsequent to 

the tax year in which such property was contributed to the 

ANST. Attach a copy of the statement attached to the return 

on which the ANST made the election. Clearly identify on the 

statement the noncash property the ANST sold or exchanged 

during the tax year. For each early disposition of noncash 

property, include on the appropriate line of the amended 

return (and attach any required supporting schedules) the 

additional income the ANST recognized. For each property 

sold or exchanged for which the ANST does not recognize 

additional income, attach a statement that identifies such 

property and the reason for not recognizing additional 

income. See also the instructions for line 18 for how to report 

the additional tax due on the sale or exchange of the asset.

Instructions for Form 1041-N (Rev. 12-2022) -5-
Question 2

The ANST may be required to file Form 3520, Annual Return 

To Report Transactions With Foreign Trusts and Receipt of 

Certain Foreign Gifts, if any of the following apply.

• It directly or indirectly transferred property or money to a 

foreign trust. For this purpose, any U.S. person who created 

a foreign trust is considered a transferor.

• It is treated as the owner of any part of the assets of a 

foreign trust under the grantor trust rules.

• It received a distribution from a foreign trust.

Note. An owner of a foreign trust must ensure that the trust 

files Form 3520-A, Annual Information Return of Foreign 

Trust With a U.S. Owner.

Question 3

Check the “Yes” box and enter the name of the foreign 

country if either (1) or (2) below applies.

1. The ANST owns more than 50% of the stock in any 

corporation that owns one or more foreign bank accounts.

2. At any time during the year, the ANST had an interest 

in or signature or other authority over a bank, securities, or 

other financial account in a foreign country.

Exception. Check “No” if either of the following applies to the 

ANST.

• The combined value of the accounts was $10,000 or less 

during the whole year.

• The accounts were with a U.S. military banking facility 

operated by a U.S. financial institution.

Refer to FinCEN Form 114, Report of Foreign Bank and 

Financial Accounts (FBAR), to see if the ANST is considered 

to have an interest in or signature or other authority over a 

bank, securities, or other financial account in a foreign 

country.

If you checked “Yes” for Question 3, electronically file 

FinCEN Form 114 with the Department of the Treasury using 

FinCEN's BSA E-Filing System. Because FinCEN Form 114 

isn't a tax form, don't file it with Form 1041-N.

Go to www.FINCEN.gov for more information.

If you are required to file FinCEN Form 114 but don't, 

you may have to pay a penalty of up to $10,000 (or 

more in some cases).

Question 4

For tax years beginning after December 31, 2015, a domestic 

trust, including an ANST, that is formed or availed of to hold 

specified foreign financial assets ("a specified domestic 

entity") must file Form 8938 with its Form 1041-N for the tax 

year. Form 8938 must be filed each year the value of the 

trust's specified foreign financial assets equals or exceeds 

the reporting threshold. For more information on domestic 

trusts that are specified domestic entities and the types of 

foreign financial assets that must be reported, see the 

Instructions for Form 8938, generally, and in particular, Who 

Must File, Specified Domestic Entity, Reporting Thresholds, 

Specified Foreign Financial Assets, Interests in Specified 

Foreign Financial Assets, Assets Not Required To Be 

Reported, and Exceptions to Reporting.

An ANST required to file Form 8938 with its Form 1041-N 

for the tax year should check "Yes" to Question 4 of Part III of 

Form 1041-N.

CAUTION

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Question 5

To make the section 643(e)(3) election to recognize gain on 

property distributed in kind, check the box and complete 

Schedule D. For more information, see Section 643(e)(3) 

Election, later.

Schedule D—Capital Gains and 

Losses

General Instructions

Purpose of Schedule

Use Schedule D to report gains and losses from the sale or 

exchange of capital assets by an ANST.

Details of each transaction must be reported on this 

schedule. If there are more transactions than spaces on 

line 1 or 5, you can report the transactions on an attached 

statement containing all the same information as Schedule D 

using a similar format. Enter on Schedule D, lines 1 and 5, as 

appropriate, the totals from all attached statements for lines 1 

and 5.

Other Forms You May Have To File

Use Form 461, Limitation on Business Losses, to report the 

excess business loss that is reported on your noncorporate 

tax return.

Use Form 965-A, Individual Report of Net 965 Tax 

Liability, to report the net 965 tax liability.

Use Form 4797, Sales of Business Property, to report the 

following.

• The sale or exchange of property used in a trade or 

business.

• The sale or exchange of depreciable and amortizable 

property.

• The involuntary conversion (other than from casualty or 

theft) of property and capital assets held for business or 

profit.

• The disposition of noncapital assets other than inventory 

or property held primarily for sale to customers in the ordinary 

course of trade or business.

Use Form 4684, Casualties and Thefts, to report 

involuntary conversions of property due to casualty or theft.

Use Form 6781, Gains and Losses From Section 1256 

Contracts and Straddles, to report gains and losses from 

section 1256 contracts and straddles.

Use Form 8824, Like-Kind Exchanges, if the ANST made 

one or more like-kind exchanges. A like-kind exchange 

occurs when the ANST exchanges business or investment 

property for property of a like kind.

Use Form 8938, Statement of Specified Foreign Financial 

Assets.

Use Form 8992, U.S. Shareholder Calculation of Global 

Intangible Low-Taxed Income (GILTI), to report the ANST’s 

GILTI.

Use Form 8995, Qualified Business Income Deduction 

Simplified Computation, and Form 8995-A, Qualified 

-6-
Business Income Deduction, to figure the qualified business 

income deduction.

Capital Asset

Each item of property held by the ANST is a capital asset, 

except for the following.

• Stock in trade, inventory, or property held primarily for sale 

to customers.

• Depreciable or real property used in a trade or business.

• Certain patents, inventions, models, or designs (whether 

or not patented); secret formulas or processes; or similar 

property (see section 1221(a)(3)).

• Copyrights; literary, musical, or artistic compositions; 

letters or memoranda; or similar property eligible for 

copyright protection that the trust received from someone 

whose personal efforts created them or for whom they were 

created in a way (such as by gift) that entitled the trust to the 

basis of the previous owner (in the case of letters, 

memoranda, or similar property, such property may also be 

prepared or produced for the trust).

Note. Pursuant to section 1221(b)(3), the trust can elect to 

treat musical compositions and copyrights in musical works 

as capital assets if it sold or exchanged them in a tax year 

beginning after May 17, 2006, and acquired the assets under 

circumstances entitling it to the basis of the person who 

created the property or for whom it was prepared or 

produced.

• Accounts or notes receivable acquired in the ordinary 

course of a trade or business for services rendered or from 

the sale of inventoriable assets or property held primarily for 

sale to customers.

• Certain U.S. Government publications not purchased at 

the public sale price.

• Certain "commodities derivative financial instruments" held 

by a dealer (see section 1221(a)(6)).

• Certain hedging transactions entered into in the normal 

course of the ANST's trade or business (see section 1221(a)

(7)).

• Supplies regularly used in the ANST's trade or business.

You may find additional helpful information in Pub. 544, 

Sales and Other Dispositions of Assets, and Pub. 551, Basis 

of Assets.

Section 247(g) Election Property

Early disposition of section 247(g) property. An early 

disposition of property for which the ANST made a section 

247(g) election is a disposition that occurs during the first tax 

year subsequent to the tax year in which such property was 

contributed to the ANST. The ANST must amend the tax 

return for the year in which the ANST received the 

contributed property to report on line 4 the amount of income 

that would have been included in that year but for the 

election.

Other dispositions of section 247(g) property. Report 

on line 4 the amount of income deferred as a result of making 

the section 247(g) election. Also report any additional gain or 

loss on the disposition of property as if there were no section 

247(g) election, following these Schedule D instructions.

Note. Section 267 doesn't allow an ANST to claim a loss on 

the disposition of property to a related party. In addition, 

when an ANST disposes of depreciable property to a related 

party, section 1239 applies to deny capital gains treatment 

for any gain.

Short-Term or Long-Term

Separate the capital gains and losses according to how long 

the ANST held or owned the property. The holding period for 

short-term capital gains and losses is 1 year or less. The 

holding period for long-term gains and losses is more than 1 

year.

To figure the length of the period the ANST held property, 

begin counting on the day after the ANST acquired the 

property and include the day the ANST disposed of it. Use 

the trade dates for the date of acquisition and sale of stocks 

and bonds traded on an exchange or over-the-counter 

market.

For property received by the ANST from an ANC for which 

the ANC made an election under section 247(e)(1), the 

ANST's holding period includes the period the ANC held the 

property.

Section 643(e)(3) Election

For in-kind noncash property distributions, a fiduciary may 

elect to have the ANST recognize gain or loss in the same 

manner as if the distributed property had been sold to the 

beneficiary at its FMV. If the election is made, the 

beneficiary's basis of such property is its FMV. This election 

applies to all distributions made by the ANST during the tax 

year and, once made, may be revoked only with IRS 

consent.

Note. Section 267 doesn't allow an ANST to claim a 

deduction for any loss on property to which a section 643(e)

(3) election applies. In addition, when an ANST distributes 

depreciable property, section 1239 applies to deny capital 

gains treatment for any gain on property to which a section 

643(e)(3) election applies.

For more information on making the section 643(e)(3) 

election, see Part III—Other Information, Question 5, earlier.

Column (d)—Sales Price

Enter either the gross sales price or the net sales price from 

the sale. On sales of stocks and bonds, report the gross 

amount as reported to the ANST on Form 1099-B, Proceeds 

From Broker and Barter Exchange Transactions, or similar 

statement. However, if the ANST was advised that gross 

proceeds less commissions and option premiums were 

reported to the IRS, enter only the net amount in column (d).

Column (e)—Cost or Other Basis

Generally, the basis of property acquired by gift is the same 

as its basis in the hands of the donor. However, if the FMV of 

the property at the time it was transferred to the trust is less 

than the transferor's basis, then the FMV is used for 

determining any loss on disposition.

For property received by the ANST from an ANC for which 

the ANC made an election under section 247(e)(1), the 

ANST's basis in the property is the lesser of the adjusted 

basis of the ANC in the property immediately before the 

Instructions for Form 1041-N (Rev. 12-2022) -7-
contribution, or the FMV of the property immediately before 

the contribution.

If the property was transferred to the ANST and a gift tax 

was paid under chapter 12, then increase the donor's basis 

as follows: multiply the amount of the gift tax paid by a 

fraction, the numerator of which is the net appreciation in 

value of the gift (defined below), and the denominator of 

which is the amount of the gift. For this purpose, the net 

appreciation in value of the gift is the amount by which the 

FMV of the gift exceeds the donor's adjusted basis. Then, 

add the result to the donor's basis.

Adjustments to basis. Before figuring any gain or loss on 

the sale, exchange, or other disposition of property owned by 

the ANST, adjustments to the property's basis may be 

required. See Pub. 551 for additional information.

Column (f)—Gain or (Loss)

Make a separate entry in this column for each transaction 

reported on lines 1 and 5 and any other lines that apply to the 

ANST. For lines 1 and 5, subtract the amount in column (e) 

from the amount in column (d). Enter negative amounts in 

parentheses.

Line 23

Add line 18 from the Unrecaptured Section 1250 Gain 

Worksheet and line 7 from the 28% Rate Gain Worksheet.

Exclusion of gain on qualified small business (QSB) 

stock. Section 1202 allows you to exclude a portion of the 

eligible gain on the sale or exchange of certain QSB stock.

How to report. Report on line 5 of Schedule D the gain 

realized on the sale of QSB stock. Complete all columns as 

indicated. Directly below the line on which you report the 

gain, enter in column (a) “Section 1202 exclusion” and enter 

as a loss in column (f) the amount of allowable exclusion. If 

you are completing line 23 of Schedule D, enter as a positive 

number the amount of your allowable exclusion on line 2 of 

the 28% Rate Gain Worksheet; if you excluded 60% of the 

gain, enter 2/3 of the exclusion; if you excluded 75% of the 

gain, enter 1/3 of the exclusion. Don’t make an entry for any 

section 1202 exclusion that is 100% of the gain.

For more information about QSB stock, see the 

Instructions for Schedule D (Form 1041).

Unrecaptured Section 1250 Gain

Complete the Unrecaptured Section 1250 Gain Worksheet if 

any of the following apply.

• During the tax year, the ANST sold or otherwise disposed 

of section 1250 property (generally, real property that was 

depreciated) held more than 1 year.

• The ANST received installment payments during the tax 

year for section 1250 property held more than 1 year for 

which it is reporting gain on the installment method.

• The ANST received a Schedule K-1 from an estate or 

trust, partnership, or S corporation that shows "unrecaptured 

section 1250 gain" reportable for the tax year.

• The ANST received a Form 1099-DIV or Form 2439 from a 

real estate investment trust or regulated investment company 

(including a mutual fund) that reports "unrecaptured section 

1250 gain" for the tax year.

• The ANST reported a long-term capital gain from the sale 

or exchange of an interest in a partnership that owned 

section 1250 property.

Instructions for the Unrecaptured Section 1250 

Gain Worksheet

Lines 1 through 3. If the ANST had more than one property 

described on line 1, complete lines 1 through 3 for each 

Capital Loss Carryover Worksheet

Keep for Your Records

Use this worksheet to figure the ANST's capital loss carryovers from the current tax year to the following tax year if Schedule D, line 12, is a loss and (a) the 

loss on Schedule D, line 11, is more than $3,000; or (b) Form 1041-N, page 1, line 13, is a loss.

1. Enter taxable income (or loss) from Form 1041-N, line 13 ................................................ 1.

2. Enter loss from Schedule D, line 12, as a positive amount ................................................ 2.

3. Enter amount from Form 1041-N, line 11 ............................................................ 3.

4. Adjusted taxable income. Combine lines 1, 2, and 3. If zero or less, enter -0- ................................... 4.

5. Enter the smaller of line 2 or line 4 ................................................................ 5.

Note. If line 4 of Schedule D is a loss, go to line 6; otherwise, enter -0- on line 6 and go to line 10.

6. Enter loss from Schedule D, line 4, as a positive amount ................................................. 6.

7. Enter gain, if any, from Schedule D, line 10. If that line is blank or shows a loss, enter -0- ........ 7.

8. Add lines 5 and 7 ............................................................................ 8.

9. Short-term capital loss carryover. Subtract line 8 from line 6. If zero or less, enter -0-. Enter this loss on the short-term 

capital loss carryover line of next year's Schedule D ................................................... 9.

Note. If line 10 of Schedule D is a loss, go to line 10; otherwise, skip lines 10 through 14.

10. Enter loss from Schedule D, line 10, as a positive amount ................................................ 10.

11. Enter gain, if any, from Schedule D, line 4. If that line is blank or shows a loss, enter -0- ........ 11.

12. Subtract line 6 from line 5. If zero or less, enter -0- .................................. 12.

13. Add lines 11 and 12 ........................................................................... 13.

14. Long-term capital loss carryover. Subtract line 13 from line 10. If zero or less, enter -0-. Enter this loss on the long-term 

capital loss carryover line of next year's Schedule D ................................................... 14.

-8- Instructions for Form 1041-N (Rev. 12-2022)
property on a separate worksheet. Enter the total of the line 3 

amounts for all properties on line 3 and go to line 4.

Line 4. To figure the amount to enter on line 4, follow the 

steps below for each installment sale of trade or business 

property held more than 1 year.

Step 1. Figure the smaller of (a) the depreciation allowed 

or allowable, or (b) the total gain for the sale. This is the 

smaller of line 22 or line 24 of the 2022 Form 4797 (or the 

comparable lines of Form 4797 for the year of sale) for that 

property.

Step 2. Reduce the amount figured in Step 1 by any 

section 1250 ordinary income recapture for the sale. This is 

the amount from line 26g of the 2022 Form 4797 (or the 

comparable line of Form 4797 for the year of sale) for that 

property. The result is the total unrecaptured section 1250 

gain that must be allocated to the installment payments 

received from the sale.

Step 3. Generally, the amount of section 1231 gain on 

each installment payment is treated as unrecaptured section 

1250 gain until the total unrecaptured section 1250 gain 

figured in Step 2 has been used in full. Figure the amount of 

gain treated as unrecaptured section 1250 gain for 

installment payments received during the tax year as the 

smaller of (a) the amount from line 26 or line 37 of the 2022 

Form 6252 (or comparable lines for the current tax year), 

whichever applies; or (b) the amount of unrecaptured section 

1250 gain remaining to be reported. This amount is generally 

the total unrecaptured section 1250 gain for the sale reduced 

by all gain reported in prior years (excluding section 1250 

ordinary income recapture). However, if you chose not to 

treat all of the gain from payments received after May 6, 

1997, and before August 24, 1999, as unrecaptured section 

1250 gain, use only the amount you chose to treat as 

unrecaptured section 1250 gain for those payments to 

reduce the total unrecaptured section 1250 gain remaining to 

be reported for the sale. Include this amount on line 4.

Line 10. Include on line 10 the ANST's share of the 

partnership's unrecaptured section 1250 gain that would 

result if the partnership had transferred all of its section 1250 

property in a fully taxable transaction immediately before the 

ANST sold or exchanged its interest in that partnership. If the 

ANST recognized less than all of the realized gain, the 

partnership will be treated as having transferred only a 

proportionate amount of each section 1250 property.

Line 12. An example of an amount to include on line 12 is 

unrecaptured section 1250 gain from the sale of a vacation 

home previously used as a rental property but converted to 

personal use prior to the sale.

Installment sales. To figure the amount to include on 

line 12, follow the steps below for each installment sale of 

property held more than 1 year for which you didn’t make an 

entry in Part I of Form 4797 for the year of sale.

Step 1. Figure the smaller of (a) the depreciation allowed 

or allowable, or (b) the total gain for the sale. This is the 

smaller of line 22 or line 24 of the 2022 Form 4797 (or 

comparable lines of Form 4797 for the year of sale) for that 

property.

Step 2. Reduce the amount figured in Step 1 by any 

section 1250 ordinary income recapture for the sale. This is 

the amount from line 26g of the 2022 Form 4797 (or the 

comparable line of Form 4797 for the year of sale) for that 

Unrecaptured Section 1250 Gain Worksheet

Keep for Your Records

If the ANST isn't reporting a gain on Form 4797, Sales of Business Property, line 7 (for 2022, or the comparable line for the current tax year), 

skip lines 1 through 9 and go to line 10. 

1. If the ANST has section 1250 property in Part III of Form 4797 for which you made an entry in Part I of Form 4797 (but not on 

Form 6252, Installment Sale Income), enter the smaller of line 22 or line 24 of Form 4797 (for 2022, or the comparable line for 

the current tax year) for that property. If the ANST did not have any such property, go to line 4. If it had more than one such 

property, see instructions ....................................................................... 1.

2. Enter the amount from Form 4797, line 26g (for 2022, or the comparable line for the current tax year), for the property for which 

you made an entry on line 1 ..................................................................... 2.

3. Subtract line 2 from line 1 ....................................................................... 3.

4. Enter the total unrecaptured section 1250 gain included on line 26 or line 37 of Form(s) 6252 (for 2022, or the comparable line 

for the current tax year) from installment sales of trade or business property held more than 1 year. See instructions ....... 4.

5. Enter the total of any amounts reported to the ANST on a Schedule K-1 from a partnership or an S corporation as 

“unrecaptured section 1250 gain” ................................................................. 5.

6. Add lines 3 through 5 .......................................................................... 6.

7. Enter the smaller of line 6 or the gain from Form 4797, line 7 (for 2022, or the comparable line for 

the current tax year) . ....................................................... 7.

8. Enter the amount, if any, from Form 4797, line 8 (for 2022, or the comparable line for the current tax 

year) .................................................................. 8.

9. Subtract line 8 from line 7. If zero or less, enter -0- ..................................................... 9.

10. Enter the amount of any gain from the sale or exchange of an interest in a partnership attributable to unrecaptured section 1250 

gain. See instructions ......................................................................... 10.

11. Enter the total of any amounts reported to the ANST on a Schedule K-1, Form 1099-DIV, or Form 2439 as "unrecaptured 

section 1250 gain" from an estate, trust, real estate investment trust, or mutual fund (or other regulated investment 

company) ................................................................................. 11.

12. Enter the total of any unrecaptured section 1250 gain from sales (including installment sales) or other dispositions of section 

1250 property held more than 1 year for which you did not make an entry in Part I of Form 4797 for the year of sale. See 

instructions ................................................................................ 12.

13. Add lines 9 through 12 ......................................................................... 13.

14. If the ANST had any section 1202 gain or collectibles gain or (loss), enter the total of lines 1 

through 4 of the 28% Rate Gain Worksheet. Otherwise, enter -0- ........................ 14.

15. Enter the (loss), if any, from Schedule D, line 4. If Schedule D, line 4, is zero or a gain, 

enter -0- ............................................................... 15.

16. Enter the ANST's long-term capital loss carryover from Schedule D, line 9 .................................... 16. ( )

17. Combine lines 14 through 16. If the result is zero or a gain, enter -0-. If the result is a (loss), enter it as a positive 

amount ................................................................................... 17.

18. Unrecaptured section 1250 gain. Subtract line 17 from line 13. If zero or less, enter -0-. Combine this result with the result on 

line 7 of the 28% Rate Gain Worksheet, if any, and enter that result on Schedule D, line 23 ......................... 18.

Instructions for Form 1041-N (Rev. 12-2022) -9-
property. The result is the total unrecaptured section 1250 

gain that must be allocated to the installment payments 

received from the sale.

Step 3. Generally, the amount of capital gain on each 

installment payment is treated as unrecaptured section 1250 

gain until the total unrecaptured section 1250 gain figured in 

Step 2 has been used in full. Figure the amount of gain 

treated as unrecaptured section 1250 gain for installment 

payments received during the tax year as the smaller of (a) 

the amount from line 26 or line 37 of the 2022 Form 6252 (or 

comparable lines for the current tax year), whichever applies; 

or (b) the amount of unrecaptured section 1250 gain 

remaining to be reported. This amount is generally the total 

unrecaptured section 1250 gain for the sale reduced by all 

gain reported in prior years (excluding section 1250 ordinary 

income recapture). However, if you chose not to treat all of 

the gain from payments received after May 6, 1997, and 

before August 24, 1999, as unrecaptured section 1250 gain, 

use only the amount you chose to treat as unrecaptured 

section 1250 gain for those payments to reduce the total 

unrecaptured section 1250 gain remaining to be reported for 

the sale. Include this amount on line 12.

Other sales or dispositions of section 1250 property. 

For each sale of property held more than 1 year (for which an 

entry wasn't made in Part I of Form 4797), figure the smaller 

of (a) the depreciation allowed or allowable, or (b) the total 

gain for the sale. This is the smaller of line 22 or line 24 of 

Form 4797 (for 2022, or the comparable line for the current 

tax year) for that property. Next, reduce that amount by any 

section 1250 ordinary income recapture for the sale. This is 

the amount from line 26g of Form 4797 (for 2022, or the 

comparable line for the current tax year) for that property. 

The result is the total unrecaptured section 1250 gain for the 

sale. Include this amount on line 12.

28% Rate Gain or (Loss)

Complete the 28% Rate Gain Worksheet if lines 10 and 11 of 

Schedule D are both greater than zero and the ANST reports 

in Part II, column (f), either:

• A section 1202 gain on QSB stock, or

• A collectibles gain or (loss).

A collectibles gain or loss is any long-term gain or 

deductible long-term loss from the sale or exchange of a 

collectible that is a capital asset.

Collectibles include works of art, rugs, antiques, metals 

(such as gold, silver, and platinum bullion), gems, stamps, 

coins, alcoholic beverages, and certain other tangible 

property.

Also, include gain (but not loss) from the sale or exchange 

of an interest in a partnership, S corporation, or trust held for 

more than 1 year and attributable to unrealized appreciation 

of collectibles. For details, see Regulations section 1.1(h)-1. 

Also, attach the statement required under Regulations 

section 1.1(h)-1(e).

28% Rate Gain Worksheet Keep for Your Records

1. Enter the total of all collectibles gain or (loss) from items reported on Schedule D, line 5, column (f) ................... 1.

2. Enter any of the following as a positive number.

• Any section 1202 exclusion reported on Schedule D, line 5, column (f), that is 50% of the gain.

•

2/3 of any section 1202 exclusion reported on Schedule D, line 5, column (f), that is 60% of the gain.

•

1/3 of any section 1202 exclusion reported on Schedule D, line 5, column (f), that is 75% of the gain.

Don’t make an entry for any section 1202 exclusion that is 100% of the gain.

Total ..................................................................................... 2.

3. Enter the total of all collectibles gain or (loss) from items reported on Schedule D, line 6 ........................... 3.

4. Enter the total of all collectibles gain from capital gain distributions reported on Schedule D, line 7 .................... 4.

5. Enter the long-term capital loss carryover from Schedule D, line 9 ........................................... 5. ( )

6. If Schedule D, line 4, is a (loss), enter that (loss) here. Otherwise, enter -0- .................................... 6.

7. Combine lines 1 through 6. If zero or less, enter -0- ..................................................... 7.

-10-
Schedule K—Distributions to 

Beneficiaries

Use this schedule to report the type and amount of 

distributions that were made to each beneficiary. A copy of 

this schedule must be furnished to the sponsoring ANC. The 

sponsoring ANC, not the ANST, provides information to the 

beneficiaries regarding distributions. Distributions for each 

year are considered to have been made in the following 

order.

Tier I Distributions (Section 646(e)(1))

These are distributions from the ANST to the extent of the 

ANST's taxable income, reduced by any income tax paid by 

the ANST on that income, and increased by any tax-exempt 

interest income.

Tier I distributions are excluded from the gross income of the 

beneficiary.

Tier II Distributions (Section 646(e)(2))

These are distributions of amounts that would have been Tier 

I distributions in prior years (during which a section 646 

election was in effect), but that have not, in fact, been 

distributed in any prior year.

Tier II distributions are excluded from the gross income of the 

beneficiary.

Tier III Distributions (Section 646(e)(3))

These are distributions considered to have been made by the 

sponsoring ANC with respect to its stock.

Tier III distributions are taxable to beneficiaries as dividends, 

to the extent of current or accumulated earnings and profits 

of the sponsoring ANC (after adjustment for distributions 

made by the sponsoring ANC during the year). Section 

643(e) applies for purposes of determining the amount of a 

Tier III distribution of property (other than cash).

Tier IV Distributions (Section 646(e)(4))

These are distributions of any amounts that remain after 

applying the above rules. They are considered as amounts in 

excess of distributable net income for the year.

Tier IV distributions are excluded from the gross income of 

the beneficiary.

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the 

United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to 

allow us to figure and collect the right amount of tax. You aren't required to provide the information requested on a form that is 

subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a 

form or its instructions must be retained as long as their contents may become material in the administration of any Internal 

Revenue law. The time needed to complete and file this form will vary depending on individual circumstances. The estimated 

average time is:

Recordkeeping ................................... 32 hr., 30 min.

Learning about the law or the form ...................... 2 hr., 39 min.

Preparing the form ................................ 4 hr., 12 min.

Copying, assembling, and sending the form to the IRS ......... 16 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we 

would be happy to hear from you. You can send us comments from IRS.gov/FormComments. Or you can send your comments 

to Internal Revenue Service, Tax Forms and Publications, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Don’t 

send the tax form to this address. Instead, see Where To File, earlier.

Instructions for Form 1041-N (Rev. 12-2022) -11-