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Testamentary trust.
If you had a testamentary trust. You could not elect 645 and file the trust with the estate under the same Tax ID? If so, do you file 2 returns or do you just file the trust return while probate is going on? Trust came into effect at death?
if you do estate, then does that transfer to a trust? What about the terminal deductions from the estate?
Would you ever have an estate final year and then a trust final year years later?
Or would you have a decedent income tax return and an estate tax return then continuing with a trust 1041?
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‎December 6, 2024
7:28 AM