sjrcpa
Level 15
04-01-2023
01:17 PM
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An estate can have a fiscal year end.
This estate could run from May 2022 - April 30, 2023.
However, a trust can only have a calendar year.
If the trust accounts were for revocable/living/grantor trust, an election can be made to treat the trust as part of the estate.
The more I know the more I don’t know.