Short year 1041 efile

[ajp]

Filed a 1041 for 2022.  

In early 2023, they sold the final parcel.  I prepared a short year return so that everything can be final.  I know I've done short year returns before by using December 31st as the start date.  However, this time, I can't file the return electronically because I've already filed a return for that trust.  This is marked "final" and has a short year.  

Will I have to file a paper return since we don't want to wait until next year?

Amy

[Accountant-Man]

Using Dec 31 as first day means it's a 2022 return, and you have already efiled 2022. You can't have two for the same year. 

Short year beginning Jan. 1, 2023 ending any day before Dec. 31, 2023 is a 2023 return, which software hasn't been created yet.

[ajp]

Yeah, we've used it a work around before, but possibly only with paper returns.  Darn. 

[jhbvtacpa]

Always appreciate your expertise. Here's another scenario for you:

Client died 01/17/2024

Daughter sold inherited home (only asset) on 05/18/2024

I've had clients die late in a year, (say August 2023) and then file a short year return ending March 31, 2024, using TY2023 software so that probate can be closed. How is the same year, short year handled?

[sjrcpa]

This is a 2024 return no matter what year end you choose.