741: Kentucky Fiduciary Income Tax Return (2025)
Kentucky · Kentucky DOR · Used for tax years 2025
Form 741 is the 2025 Kentucky Fiduciary Income Tax Return for estates and trusts. It reports income, Kentucky adjustments, deductions, tax credits and payments to determine the tax owed or refund due.
What you'll need
Enclose a copy of the federal return, including all schedules and statements, and copies of Schedules K-1. Enter the number of Schedules K-1 enclosed on page 1.
Depending on the entries on your return, also include:
- Schedule P if the pension income exclusion is more than $31,110.
- A computation for the federal estate tax deduction.
- Schedule ITC and supporting documents for nonrefundable credits.
- Forms W-2 or 1099 for withholding reported on line 20(b).
- Form PTE-WH and/or Form PTET-CR for amounts reported on line 20(c).
- Supporting schedules for Schedule M entries where requested.
- The expense-allocation computation if you answer “Yes” to additional information question 2.
- Federal Schedule J (Form 1041) if you made an accumulation distribution as described in additional information question 5.
If the estate or trust had passive activity losses, use Form 8582-K to determine the allowable loss.
How to file
Complete the estate or trust information, including its federal employer identification number (FEIN), the fiduciary’s information, and the applicable entity and return-type boxes. The fiduciary or agent must sign and date the return.
The form lists this mailing address:
Kentucky Department of Revenue
Frankfort, KY 40620-0016
Make checks payable to Kentucky State Treasurer. Include your FEIN and identify the payment as Kentucky income tax for 2025.
The form directs you to revenue.ky.gov for electronic payment options. It does not provide e-filing instructions.
Common mistakes
- Leaving out required copies: Enclose the federal return with all schedules and statements, plus copies of Schedules K-1.
- Completing Schedule A when it does not apply: Do not complete it for a simple trust or pooled income fund. Complete it only if you made additions or subtractions on page 1, lines 2 or 6, and claimed a charitable deduction on federal Form 1041.
- Attaching a Revenue Agent’s Report to this return: If a federal audit changed taxable income reported for a prior year, submit a copy to the Department of Revenue, but do not attach it to Form 741.
- Not identifying an amended return: Check the amended-return box on page 1 and explain the changes. Enclose a separate page if necessary.
Questions people ask
What income amount do I start with?
Start with federal adjusted total income from federal Form 1041, line 17. Enter it on Form 741, line 1.
What tax rate is printed on the 2025 form?
Line 17(a) directs you to multiply taxable income on line 16 by 4% (.04). Line 17 also provides for additional tax from the listed forms, schedules, and recapture items.
How does the form handle intangible income attributable to nonresident beneficiaries?
On line 15, enter the portion of intangible income included in line 14 that is attributable to nonresident beneficiaries. Enter zero if it does not apply. Line 16 subtracts line 15 from line 14 to determine taxable income.
Can an overpayment be applied to next year’s estimated tax?
Yes. Line 26 lets you enter the amount of your overpayment to credit to your 2026 estimated tax. The remaining amount goes on line 27 as your refund.