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Nebraska Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III
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, or request a six-month extension here .Extracted from PDF file 2024-nebraska-form-1041n.pdf, last modified August 2024Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III
PRINT FORM RESET FORM Nebraska Fiduciary Income Tax Return FORM 1041N 2024 for the taxable year January 1, 2024 through December 31, 2024 or other taxable year beginning , 2024 and ending , 20 PLEASE DO NOT WRITE IN THIS SPACE Name of Estate or Trust Name and Title of Fiduciary Please Type or Print Street or Other Mailing Address of Fiduciary City State Nebraska ID Number ZIP Code Federal ID Number Type of Trust (If Grantor Type, See Instructions) Testamentary Status of Estate or Trust (1) Resident (2) Inter Vivos Grantor Type Type of Return Nonresident Estate Simple Trust Complex Trust ESBT Bankruptcy Estate Amended Return Check applicable boxes: (1) Initial Nebraska Return (2) Final Return Does the estate or trust have nonresident individual beneficiaries? YES (Complete Schedule II) NO (3) Change in Address (4) 7004 Attached (5) Distributed Form 3800N Credit Is the trust a pooled income fund? YES NO 1 Total federal income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Undistributed income from U.S. government bonds or other U.S. obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Undistributed income from non-Nebraska state and local bond interest and other Nebraska adjustments increasing federal taxable income includes NE state and local income, sales and use taxes deducted under section 164 of the IRC a List type: ____________________ b Amount: ____________________ Enter total adjustments in line 4b and enter total of amount on line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Special Capital Gains/Extraordinary Dividend Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Nebraska adjustments decreasing federal taxable income (attach a schedule) (see instructions) a List type: ____________________ b Amount: ____________________ Enter total adjustments line 6b and enter total of amount on line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Nebraska taxable income (line 2 plus line 4) minus (lines 3, 5, and 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 00 00 00 4 5 00 00 6 7 00 00 Nonresident estates and trusts must complete Nebraska Schedule I to determine line 11. Do not make entries in lines 8 through 10. 8 Nebraska income tax (use the tax rate schedule on page 9 of instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Nebraska other tax (Federal Form 4972) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Electing Small Business Trust (ESBT) Nebraska Tax (complete ESBT Worksheet) . . . . . . . . . . . . . . . . . . . . . . 11 Total Nebraska tax (total of lines 8, 9, and 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Credit for tax paid by resident estate or trust to other states (Schedule III) . . . . . . 12 00 13 Community Development Assistance Act credit and Financial Institution Tax credit 13 00 14 Form 3800N nonrefundable credit (attach Form 3800N). . . . . . . . . . . . . . . . . . . . . 14 00 15 Employer’s credit for expenses incurred for TANF (ADC) recipients (see instr.). . . 15 00 16 NE employer tax credit for employing convicted felons. Enter certificate number from Form ETC-A _________________. . . . . . . . . . . . . . 16 00 17 School Readiness Tax Credit for providers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 00 18 Child Care Tax Credit for contributors. Enter certificate number from Form CCTC-A ________________ . . . . . . . . . . . . . 18 00 19 Opportunity Scholarships Act credit for contributors. . . . . . . . . . . . . . . . . . . . . . . . . 19 00 20 Creating High Impact Economic Futures (CHIEF) credit . . . . . . . . . . . . . . . . . . . . . 20 00 21 Total nonrefundable credits (total of lines 12 through 20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Nebr. income tax after nonrefundable credits. Subtract line 21 from line 11 (if line 21 is greater than line 11, enter zero -0-) 8 9 10 11 00 00 00 00 21 22 00 00 Form 1041N (2024) 23 Nebraska income tax withholding for nonresident individual beneficiaries [total of column (G), Schedule II] . . . 24 Total Nebraska income tax liability (line 22 plus 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Form 3800N refundable credit (attach Form 3800N). . . . . . . . . . . . . . . . . . . . . . . . 25 00 26 Tax deposited with Form 7004N and 2024 estimated income tax payments. . . . . . 26 00 27 Beginning Farmer credit (attach certificate). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 00 28 Credit for community college property taxes (attach Form PTC). . . . . . . . . . . . . . . 28 00 29 PTET credit (attach Schedules K-1N) a Name: _________________ b NE ID Number:___________________ c Amount claimed by fiduciary (Enter on line 29 and line 2, Schedule PTET): $______________________ d Amount distributed to beneficiaries (Enter on line 3, Schedule PTET): 00 $______________________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 00 30 Other credits (attach Nebraska copy of Federal Forms W-2, 1099-R, or W-2G). . . 30 31 Total payments (total of lines 25 through 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 TAX DUE (if line 24 is greater than line 31, subtract line 31 from line 24) . . . . . . . . . . . . . . . . . . . . . . . . . . 33 OVERPAYMENT (if line 31 is greater than line 24, subtract line 24 from line 31) . . . . . . . . . . . . . . . . . . . . . . . . 34 Overpayment on line 33 you want credited to 2025 estimated income tax . . . . . . . . . . . . . . . . . . . . . . . . . 35 Overpayment to be REFUNDED (line 33 minus line 34). Direct deposit: Complete lines 36a, 36b, 36c to receive your refund electronically. Complete line 36d if appropriate (see instructions). . . . . . . . . . . . . . . . . . . . . 23 24 Page 2 00 00 31 32 33 34 00 00 00 00 35 00 More info . . . 36a Routing Number 36b Type of Account 1 = Checking 2 = Savings 36c Account Number 36d Check this box if this refund will go to a bank account outside the United States. sign here paid preparer’s use only Under penalties of perjury, I declare that as taxpayer or preparer, I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is correct and complete. Signature of Fiduciary or Officer Representing Fiduciary Date Title ( ) Phone Number Preparer’s Signature Date Firm’s Name (or yours if self-employed), Address and ZIP Code Email Address Preparer’s PTIN EIN ( ) Daytime Phone A copy of the federal return and schedules must be attached to this return. Mail this return and payment to: Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818. 8-424-2024 Nebraska Schedule I — Computation of Nebraska Tax for Nonresident Estate or Trust Nebraska Schedule II — Nonresident Beneficiary’s Share of Nebraska Income, Deductions, and Credits FORM 1041N Schedules I, II, and III 2024 Nebraska Schedule III — Credit for Tax Paid to Another State Name on Form 1041N Nebraska ID Number Nebraska Schedule I — Computation of Nebraska Tax for Nonresident Estate or Trust 1 Nebraska taxable income (line 7, Form 1041N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Nebraska income tax on line 1 amount (see Form 1041N, line 8 instructions) . . . . . . . . . . . . . . . . . . . . . . . . 3 Nebraska other tax (see Form 1041N, line 9 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Total Nebraska tax (line 2 plus line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Income derived from Nebraska sources, except capital and ordinary gain (loss) (attach schedule) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Nebraska capital and ordinary gain (loss) (attach schedule) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Adjustments, if any, applied to Nebraska income (includes Nebraska state and local income, sales and use taxes deducted under section 164 of the IRC) (see instructions) a List type: _______________ b Amount: _______________ Enter total adjustments in line 7b and enter total of amount on line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Nebraska adjusted gross income (line 5 plus or minus lines 6 and 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Nebraska share of line 4. Compute below. Calculate the ratio to five decimal places and round to four Line 8 = . (Form 1041N lines 1 + 4) - (Form 1041N Lines 3, 5, and 6) (Ratio) x 1 2 3 4 00 00 00 00 5 6 00 00 7 8 00 00 = (Line 4) 9 00 10 Electing Small Business Trust (ESBT) Nebraska Tax. (from line 18 of ESBT worksheet). . . . . . . . . . . . . . . . . . 10 11 Total Nebraska tax (add lines 9 and 10 and enter result on line 11, Form 1041N) . . . . . . . . . . . . . . . . . . . . . . . . 11 Nebraska Schedule II — Nonresident Beneficiary’s Share of Nebraska Income, Deductions, and Credits 00 00 Note: If simple trust with out-of-state beneficiaries and only portfolio income, do not complete Schedule II. Instead check this box. Name And Address Of Each Nonresident Beneficiary State ZIP Code Name Street or Other Mailing Address City 1 2 3 4 (A) Social Security Number or Nebraska ID Number of Nonresident Beneficiary (B) Nebraska Income (see instructions) (D) Check if Form 12N Attached (C) Nebraska Deductions Computation of Nebraska Tax Withheld (G) Nebraska Income (F) Tax Withholding Rate [Col. (E) times Col. (F)] (Enter on Nebr. Sch. K-1N) (E) Nebraska Source Income Subject to Withholding [Column (B) minus Column (C)] 1 00 00 00 .0584 00 2 00 00 00 .0584 00 3 00 00 00 .0584 00 4 5 TOTALS [enter total of column (G) on line 23, Form 1041N] 00 00 00 .0584 00 00 00 00 00 Nebraska Schedule III — Credit for Tax Paid to Another State for Resident Estate or Trust Only A copy of the return filed with another state must be attached. If the other state return is not attached, this credit will not be allowed. 1 Nebraska tax (line 11, Form 1041N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 00 2 Taxable income from another state . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Computed tax credit Line 2, Schedule III x Line 1, Schedule III Line 7, Form 1041N 3 00 4 Tax due and paid to another state (attachment required) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 00 5 Maximum tax credit (line 1, 3, or 4, whichever is least). Enter amount here and on line 12, Form 1041N . . . . . . 5 revenue.nebraska.gov, 800-742-7474 (NE and IA), 402-471-5729 00 00 Nebraska Schedule PTET — Beneficiary's Share of Nebraska Pass-Through Entity Tax Credit • Only use this schedule if the fiduciary is distributing the PTET credit. Name on Form 1041N Nebraska ID Number FORM 1041N Schedule PTET 2024 1 Total Nebraska PTET received by trust or estate (attach all Schedules K-1N received from partnerships and S corporations). 1 00 2 PTET credit claimed by trust or estate and not distributed (enter here and on Form 1041N, line 29)......................................... 2 00 3 Total PTET credit distributed by the trust or estate to the beneficiaries (enter here and on Form 1041N, Line 29d).................. 3 00 Complete for all beneficiaries (A) Beneficiary Name Totals (B) Beneficiary SSN/FEIN (C) Percent of Income Share of Nebraska PTET Credit [Enter the distributed PTET credit from the trust or estate for each taxable year in Columns (D) through (I) and Total amounts on Nebraska Schedule K-1N] (D) 2018 (E) 2019 (F) 2020 (G) 2021 (H) 2022 (I) 2024 (J) Total Distributed PTET credits [Total of Columns (D) through (I)]
Form 1041N
More about the Nebraska Form 1041N Corporate Income Tax Tax Return TY 2024
We last updated the Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III in March 2025, so this is the latest version of Form 1041N, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 1041N directly from TaxFormFinder. You can print other Nebraska tax forms here.
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TaxFormFinder has an additional 34 Nebraska income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Nebraska Form 1041N.
| Form Code | Form Name |
|---|---|
| Form 1041N-ES | Nebraska Fiduciary Estimated Income Tax Payment Voucher |
| Form 1041N -Wkst | Electing Small Business Trust Tax Calculation Worksheet |
| Form 1041N-K-1N | Beneficiary's Share of Income, Deductions, Modifications, and Credits |
View all 35 Nebraska Income Tax Forms
Form Sources:
Nebraska usually releases forms for the current tax year between January and April. We last updated Nebraska Form 1041N from the Department of Revenue in March 2025.
Form 1041N is a Nebraska Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Nebraska Form 1041N
We have a total of eleven past-year versions of Form 1041N in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form 1041N
Form 1041N
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