Hi
I have a client with two 1041s in the same year -2022. The first is for FYE 8/1/2022-7/31/2023. Which I filed. The second is for short year 8/1/2023-10/31/2023 final -attempting to file.
Should I paper file this short year as I am getting a critical diagnostic on using 2022 forms for 2023 activity. Note, I think I can ignore the diagnostic as the 1041 has nothing by small losses and there are no 2023 tax changes that will affect the return. I appreciate your thoughts.
Thanks,
Best Answer Click here
Paper file. I would even highlight the short year and cross out 2022 on the form and write 2023
If there are K-1s, do the same on those forms to give to the beneficiaries.
Paper file. I would even highlight the short year and cross out 2022 on the form and write 2023
If there are K-1s, do the same on those forms to give to the beneficiaries.
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