541-T: California Allocation of Estimated Tax Payments to Beneficiaries (2024)

Who files this form

Form 541-T is for an estate or trust allocating estimated tax payments to beneficiaries. The form includes a box to check if you are filing for the estate’s or trust’s final year.

When it's due

For tax year 2024, calendar-year trusts must file Form 541-T no later than March 6, 2025.

What you'll need

Have the following information ready to complete the form:

• The estate’s or trust’s name and FEIN.
• The fiduciary’s name, title, address, and telephone number.
• The beginning and ending dates if filing for a fiscal year.
• The total estimated tax amount being allocated.
• Each beneficiary’s name, address, SSN/ITIN or FEIN, allocated amount, and proration percentage.
• Additional sheets listing allocations, if needed. Line 3 asks for the total from those sheets.

Common mistakes

• Totals that do not match: Line 4, total amounts allocated, must equal line 1.
• Missing the final-year box: Check the box if this is the final year of the estate or trust.
• Missing the calendar-year trust deadline: For tax year 2024, the form says to file no later than March 6, 2025.

Questions people ask

What amount goes on line 1?

Enter the total amount of estimated taxes to be allocated to beneficiaries.

What information is required for each beneficiary?

The form asks for the beneficiary’s name and address, SSN/ITIN or FEIN, allocated estimated tax amount, and proration percentage.

What if I use additional sheets for allocations?

Enter the total from the additional sheets on line 3. The total amounts allocated on line 4 must equal line 1.

Who signs the form?

The fiduciary or an officer representing the fiduciary signs the form. The signature area also asks for a date and telephone number.

Official sources

• https://www.ftb.ca.gov/forms/2024/2024-541-t.pdf