Solved: 1041 Filing dates , Calendar vs Fiscal year
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Level 2

1041 Filing dates , Calendar vs Fiscal year

I am completing my first 1041 Estate Return and the dates appeared based on a fiscal year, Start Oct 1, 2019 and End on Sept 30, 2020.   My question, I don't have to file this on July 15th, 2020 , correct?  Will it be due on the 15th day four months after Sept 30, 2020, i.e. deadline January 15, 2021?

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Level 15

1041 Filing dates , Calendar vs Fiscal year


@RRDubu wrote:

 Will it be due on the 15th day four months after Sept 30, 2020, i.e. deadline January 15, 2021?


Yes, that is correct. The fiduciary chooses the type of tax year (e.g., calendar, fiscal) on the first return (1041) filed for the estate.

 

See https://www.irs.gov/instructions/i1041#idm140366338181456

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Level 15

1041 Filing dates , Calendar vs Fiscal year


@RRDubu wrote:

 Will it be due on the 15th day four months after Sept 30, 2020, i.e. deadline January 15, 2021?


Yes, that is correct. The fiduciary chooses the type of tax year (e.g., calendar, fiscal) on the first return (1041) filed for the estate.

 

See https://www.irs.gov/instructions/i1041#idm140366338181456

View solution in original post

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