U.S. Income Tax Return for Electing Alaska Native Settlement Trusts

• Legal Form Number: 1041-N
• Year: 2025
• Issuer: Treasury Department
• Section: Treasury Department

Form 1041-N

(Rev. December 2023)

Department of the Treasury

Internal Revenue Service

U.S. Income Tax Return for Electing

Alaska Native Settlement Trusts

Go to www.irs.gov/Form1041N for instructions and the latest information.

OMB No. 1545-1776

For calendar year or short year beginning , 20 , and ending , 20 .

Part I General Information

1 Name of trust 2 Employer identification number

3a Name and title of trustee

3b Number, street, and room or suite no. (If a P.O. box, see the instructions.)

3c City or town, state, and ZIP code

4 Name of sponsoring Alaska Native Corporation

5 Was Form 1041 filed in the prior year?

Yes No

6 Check applicable boxes: Amended return Final return Change in fiduciary’s name Change in fiduciary’s address

Part II Tax Computation

Income

1a Interest income ............................ 1a

b Tax-exempt interest. Don’t include on line 1a . . . . . . . . . . 1b

2 a Total ordinary dividends . . . . . . . . . . . . . . . . . . . . . . . . . 2a

b Qualified dividends (see instructions) . . . . . . . . . . . . 2b

3 Capital gain or (loss) (Schedule D) . . . . . . . . . . . . . . . . . . . . . 3

4 Other income. List type and amount 4

5 Total income. Combine lines 1a, 2a, 3, and 4 . . . . . . . . . . . . . . . . . . 5

Deductions

6 Taxes ............................... 6

7 Trustee fees ............................. 7

8 Attorney, accountant, and return preparer fees . . . . . . . . . . . . . . . . . 8

9 Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . . 9

10 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Exemption (see instructions) . . . . . . . . . . . . . . . . . . . . . . . 11

12 Total deductions. Add lines 6 through 11 . . . . . . . . . . . . . . . . . . . 12

Tax and Payments

13 Taxable income. Subtract line 12 from line 5 . . . . . . . . . . . . . . . . . . 13

14 Tax. If line 13 is a (loss), enter -0-. Otherwise, see the instructions and check the applicable

box: Multiply line 13 by 10% (0.10) or Schedule D. . . . . . . . . . . . . . 14

15 Credits (see instructions). Specify 15

16 Total tax. Subtract line 15 from line 14. See instructions . . . . . . . . . . . . . . 16

17 Current year net 965 tax liability paid from Form 965-A, Part II, column (k) (see instructions) . . 17

18 Payments. See instructions . . . . . . . . . . . . . . . . . . . . . . . . 18

19 Elective payment election amount from Form 3800 . . . . . . . . . . . . . . . . 19

20

Tax due. If the total of lines 18 and 19 is smaller than the total of lines 16 and 17, enter amount owed

20

21 Overpayment. If the total of lines 18 and 19 is larger than the total of lines 16 and 17, enter

amount overpaid ........................... 21

22

Amount of line 21 to be: a Credited to next year’s estimated tax

b Refunded . 22

Part III Other Information

1 During the tax year, did the trust receive property or an assignment of income from an Alaska Native Corporation?

If “Yes,” see the instructions for the required attachments . . . . . . . . . . . . . . . . . . .

Yes No

2

During the year, did the trust receive a distribution from, or was it the grantor of, or the transferor to, a foreign trust?

3

At any time during the calendar year, did the trust have an interest in or a signature or other authority over a

financial account in a foreign country (such as a bank account, securities account, or other financial account)? See

the instructions for exceptions and filing requirements for FinCEN Form 114 . . . . . . . . . . . . .

If “Yes,” enter the name of the foreign country

4

Was the trust a specified domestic entity required to file Form 8938 for the tax year? See Instructions for Form 8938 .

5To make a section 643(e)(3) election, complete Schedule D and check here. See instructions . . . . . .

Sign

Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge

and belief, it is true, correct, and complete. Declaration of preparer (other than trustee) is based on all information of which preparer has any knowledge.

Also, under section 646(c)(2) of the Internal Revenue Code, if this is the initial Form 1041-N filed for the above-named Alaska Native Settlement Trust,

signing and filing this return will serve as the statement by the trustee electing to treat such trust as an Electing Alaska Native Settlement Trust.

Signature of trustee or officer representing trustee Date

May the IRS discuss this return

with the preparer shown below?

See instr. Yes No

Paid

Preparer

Use Only

Print/Type preparer’s name Preparer’s signature Date Check if

self-employed

PTIN

Firm’s name

Firm’s address

Firm’s EIN

Phone no.

For Paperwork Reduction Act Notice, see the Instructions for Form 1041-N. Cat. No. 32234Q Form 1041-N (Rev. 12-2023)