Thank you so much.  I have filed the final 1040 which went through 5/28/2020.  Should I do a short year for the estate 5/29/20 -12/31/2020 or would it be better to elect the fiscal  year and file 5/29/2020-04/30/2021.?  The estate has rental income and interest income making the income for 2020 over the $600.00 amount requiring filing.   The estate sold land March 2021 which is to be divided among the five children. I am not sure if the estate will be closed by 4/30/202, but there would not be anymore rental income and probably the interest would be less than $600.

I really appreciate your help.   I don't normally file 1041's and  it has been 30 years since I was in school.

You have been a big help! 

Thank you! Thank you! Thank you!.