So then no need for yet another 1041 and K-1s? I hope not because I filed the final as both decedent and complex trust and also took the section 645 election to use a fiscal year and minimize the number of trusts. There was actually no estate - all funds were in the trust. I just did this to minimize 1041s.
But I don't understand - how does the IRS know who is paying taxes on these new 1099-INTs? How do they figure out whether those 1099-INTs are listed on someone's 1040? Aren't they going to be looking for the mapping to the SSN beneficiaries in a new 1041, or will they use the previously filed one to figure out where to look for those 1099-INTs?
I've actually done the 1041 and generated the K-1s - it was quite simple. I'm just worried it will cause more trouble since I already filed a final 1041 and took the section 645. I'd rather not file and stir things up. Plus the K-1s were previously listed final, so now I don't want yet another K-1s listed final. Because then what? Am I supposed to amend the old 1041 since it wasn't final after all? Seems like a can of worms and better not to file any more 1041s if possible....right?
Thank you!
