Solved: This is the final year of the trust. Do I check short year or calendar year?
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This is the final year of the trust. Do I check short year or calendar year?

Cashed out trust in month of May

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This is the final year of the trust. Do I check short year or calendar year?

"Do I check short year or calendar year?"

If you check short year with the close of your tax year in May, then the return was due last September (four months after the close of the tax year).

See https://www.irs.gov/instructions/i1041#idm140630132069712

For (2018) calendar year estates and trusts, returns are due April 15, 2019.

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Level 15

This is the final year of the trust. Do I check short year or calendar year?

"Do I check short year or calendar year?"

If you check short year with the close of your tax year in May, then the return was due last September (four months after the close of the tax year).

See https://www.irs.gov/instructions/i1041#idm140630132069712

For (2018) calendar year estates and trusts, returns are due April 15, 2019.

View solution in original post

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