An income tax return for a fiduciary uses the same income tax rate schedule as an individual filing a separate return.

Question

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A fiduciary income tax return (Form 1041 for estates and trusts) uses different tax rate schedules than those used for individual income tax returns (Form 1040). The tax rates for trusts and estates can be higher at lower levels of income compared to the rates for individual filers.

An Income Tax Return for a Fiduciary Uses the Same