Form 741 at a glance
What it is: Form 741, the Kentucky Fiduciary Income Tax Return of the Commonwealth of Kentucky Department of Revenue, is for 2025.
Where and when to file: Mail To: Kentucky Department of Revenue, Frankfort, KY 40620-0016.
What to bring and attach to Form 741
Enclose a copy of the federal return including all schedules and statements.
A filled-in Form 741 example: an estate files for 2025
How to fill out Form 741, box by box
For calendar year or other taxable year
Enter the calendar year or other taxable year beginning ____________ , 2025, and ending _____________ , 20___.
Name of Estate or Trust
Enter the Name of Estate or Trust and the Federal Employer Identification Number.
Enter the Name and Title of Fiduciary and the Date Entity Created.
Enter the Address of Fiduciary (Number and Street or P.O. Box), the Room or Suite Number, and the City, State and ZIP Code.
Check applicable box
Check applicable box: Decedent's estate, Simple trust, Complex trust, ESBT (S portion only), Grantor trust, Bankruptcy estate or Pooled income fund.
Check applicable boxes
Check applicable boxes: Initial return, Amended return or Final return.
Under ADDITIONAL INFORMATION REQUIRED, line 6: If this is an amended return, check the appropriate box on page 1. Explain changes under line 6 in ADDITIONAL INFORMATION REQUIRED. Enclose a separate page if necessary.
Federal adjusted total income
On line 1, enter the Federal adjusted total income (federal Form 1041, line 17).
On line 2, enter the Additions (from page 3, Schedule M, line 4). On line 3, enter the portion of deductions allocable to line 2. On line 4, subtract line 3 from line 2.
On line 5, add lines 1 and 4.
On line 6, enter the Subtractions (from page 3, Schedule M, line 8). On line 7, enter the portion of deductions allocable to line 6. On line 8, subtract line 7 from line 6.
On line 9, subtract line 8 from line 5; this is your Kentucky adjusted total income (loss), to enter here and on page 3, Schedule B, line 1.
Total income of fiduciary
On line 10, enter the Income distribution deduction (from page 3, Schedule B, line 15), and enclose Schedule(s) K-1.
On line 11, enter the Pension income exclusion; enclose Schedule P, if more than $31,110 (checked November 8, 2026).
On line 12, enter the Federal estate tax deduction and enclose the computation. On line 13, add lines 10, 11 and 12.
On line 14, enter the Total income of fiduciary (subtract line 13 from line 9).
On line 15, for Trusts or estates with income attributable to nonresident beneficiaries, enter the portion of intangible income included in line 14 that is attributable to nonresident beneficiaries. Enter zero if not applicable. See instructions.
On line 16, enter the Taxable income of fiduciary (subtract line 15 from line 14).
Tax computation
Under TAX COMPUTATION, on line 17(a), multiply line 16 by 4% (.04) and add tax from the 17(b) boxes.
On line 18, enter the Nonrefundable credit(s) and enclose Schedule ITC and supporting documents. On line 19, subtract line 18 from line 17(c); if line 18 is more than line 17(c), enter -0-.
On line 20, enter (a) Estimated tax/Extension payments, (b) Withholding (W-2 or 1099 - enclose forms), (c) Nonresident Withholding from Form PTE-WH, line 9 and/or Pass-through Entity Tax Credit from Form PTET-CR, line 9 (enclose forms), and (d) the Total of amounts on line 20(a) through 20(c).
Tax due, amount you owe, amount you overpaid
On line 21, if line 19 is larger than line 20(d), subtract line 20(d) from line 19, and enter the TAX DUE.
On line 22, enter (a) Estimated tax penalty (check if Form 2210-K attached), (b) Interest, (c) Late payment penalty and (d) Late filing penalty. On line 23, add lines 22(a) through 22(d).
On line 24, if the total of lines 19 and 23 is more than line 20(d), subtract line 20(d) from the total of lines 19 and 23; this is the AMOUNT YOU OWE.
On line 25, if line 20(d) is more than the total of lines 19 and 23, subtract lines 19 and 23 from line 20(d); this is the AMOUNT YOU OVERPAID.
On line 26, enter the Amount of line 25 to be CREDITED TO YOUR 2026 ESTIMATED TAX. On line 27, subtract line 26 from line 25; this is the amount to be REFUNDED TO YOU.
Sign Here
Under Sign Here, enter the Signature of Fiduciary or Agent, the Date, the PTIN or Identification Number of Fiduciary or Agent and the Telephone Number (daytime).
By signing, you declare under the penalties of perjury that this return (including any accompanying schedules and statements) has been examined by you and, to the best of your knowledge and belief, is a true, correct and complete return.
Paid Preparer Use
Under Paid Preparer Use, the preparer signs on the Signature of Preparer line; enter the Date, the Name of Preparer or Firm, the ID Number, the Email and the Telephone No., and check Yes or No for May the DOR discuss this return with this preparer?
Schedule A-Charitable Deduction
Do not complete Schedule A for a simple trust or pooled income fund. Complete Schedule A only if you made additions to or subtractions from total income on page 1, lines 2 or 6 and claimed a charitable deduction on federal Form 1041.
On Schedule A, line 1, enter the Kentucky taxable income that was paid or set aside for charitable purposes and was not reported on federal Form 1041, Schedule A, including additional capital gains, and include it on Schedule M, line 7. On line 2, enter the Kentucky tax-exempt income that was paid or set aside for charitable purposes that was reported on federal Form 1041, Schedule A, and include it on Schedule M, line 3.
Schedule M (Form 741)
In Schedule M, Part I, on line 1 enter interest from bonds issued by other states and their political subdivisions; on line 2, additions from partnerships, fiduciaries and S corporations (enclose schedule); on line 3, other additions (enclose schedule). On line 4, Total additions: enter here and on page 1, line 2.
In Schedule M, Part II, on line 5 enter interest from U.S. government obligations (enclose schedule); on line 6, subtractions from partnerships, fiduciaries and S corporations (enclose schedule); on line 7, other subtractions (enclose schedule). On line 8, Total subtractions: enter here and on page 1, line 6.
More rules for Form 741
Payment: Check Payable to the Kentucky State Treasurer, with E-Pay Options at revenue.ky.gov; include your FEIN and “KY Income Tax-2025”.
Under ADDITIONAL INFORMATION REQUIRED, line 1: Was a Kentucky fiduciary income tax return filed for 2024? If "No," state reason.
Line 5, Yes or No: During the taxable year did you make an accumulation distribution as defined in Sec. 665(b), Internal Revenue Code? If "Yes," enclose federal Schedule J (Form 1041).
Common questions about Form 741
Where do I file it?
Mail To: Kentucky Department of Revenue, Frankfort, KY 40620-0016.
Sources
[1] Form 741 (10-25), Kentucky Fiduciary Income Tax Return, Kentucky Department of Revenue (the Official source link on this page).