TC-41: Utah Fiduciary Income Tax Return (2024)
Utah · Utah Tax Commission · Used for tax years 2024
Form TC-41 is Utah’s 2024 Fiduciary Income Tax Return for estates and trusts. It reports income, deductions, credits, withholding and payments to calculate Utah tax due or a refund.
What you'll need
Have these forms and details available, as applicable:
- Federal return: Form 1041 or 1041-QFT for federal total income. TC-41 also uses deduction amounts from Form 1041. The bankruptcy estate schedule uses information from Form 1040 and its schedules.
- Identification: The estate or trust’s name and EIN or SSN, plus the fiduciary’s name, address, and EIN or SSN.
- Income adjustments and credits: TC-41A for additions, subtractions, and credits, plus the worksheet for the estate or trust credit deduction amount.
- Residency schedules: TC-41B for nonresident or part-year resident estates or trusts. Bankruptcy estates use TC-41C; nonresident or part-year resident bankruptcy estates must also complete its second page.
- Withholding records: W-2s or 1099s showing Utah withholding, used to complete TC-41W. Do not attach the W-2s or 1099s to the Utah return.
- Prepayment information: TC-548 and the amount of any 2023 refund applied to 2024.
- Beneficiary information: Names, addresses, tax identification numbers, income shares, credits, and withholding details for the applicable beneficiary schedules.
- Tax paid to another state: TC-41S if claiming that credit.
Common mistakes
- Sending W-2s or 1099s with the return. Instead, enter their information on TC-41W, and only if they show Utah withholding.
- Including income adjustments that do not belong at the trust level. TC-41 lines 5 and 12 say to include only amounts taxed at the trust level or applying to income taxed there.
- Skipping the residency schedule. Nonresident or part-year resident estates or trusts must complete TC-41B before continuing to line 26. Nonresident or part-year resident bankruptcy estates must also complete TC-41C, page 2.
- Treating an extension as extra time to pay pass-through withholding. The note on line 31 says this amount must be paid by the return’s due date, without extensions.
- Claiming the other-state tax credit as a nonresident. TC-41S says nonresident estates and trusts do not qualify, and part-year residents rarely qualify.
- Submitting blank supplemental pages. Pages marked “Submit page ONLY if data entered” should be submitted only when completed and attached to the return.
Questions people ask
What Utah tax rate appears on the 2024 return?
TC-41, line 15, multiplies Utah taxable income on line 14 by 4.55%. The result cannot be less than zero. Credits are calculated on later lines.
Can I apply my refund to next year’s fiduciary tax?
Yes. On line 43, enter the amount of the refund from line 42 that you want applied to your 2025 fiduciary tax.
Who must complete Schedule N?
An estate or trust with nonresident individual beneficiaries, resident or nonresident business beneficiaries, or resident or nonresident trust or estate beneficiaries must complete Schedule N to report Utah income and calculate withholding for those beneficiaries.
Who signs the return?
The fiduciary or an officer representing the estate or trust signs and dates the return. The signature area also asks for the fiduciary’s EIN or SSN.