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New Member
posted Jun 6, 2019 1:18:41 AM

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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1 Best answer
Level 15
Jun 6, 2019 1:18:42 AM

"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.

1 Replies
Level 15
Jun 6, 2019 1:18:42 AM

"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.