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Level 5
February 25, 2022
Solved

Can final estate 1041 extend beyond 12 months?

  • February 25, 2022
  • 3 replies
  • 8 views

Estate has been filing on calendar year basis. Can the final 1041 include 15 months (Jan 2021 to Mar 2022) or do I file 2021 + short year for 2022?

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Best answer by IRonMaN

You would file 2 -  I guess you could call it a long and a short.

3 replies

IRonMaN
IRonMaNAnswer
Level 15
February 25, 2022

You would file 2 -  I guess you could call it a long and a short.

Slava Ukraini!
Level 5
February 27, 2022

Many thanks for everyone's replies!

IRonMaN
Level 15
February 27, 2022

You betcha!

Slava Ukraini!
dascpa
Level 11
February 25, 2022

There was a prior post many years ago on this.  The practitioner reply was if the last two months of the estate were non-income producing and just closing out the checking account then there would be no harm in filing one return.  Obviously wouldn't work if income items or distribution deductions took place.

Level 10
February 25, 2022

 I file 2021 + short year for 2022?

 

yes