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Fiscal Year Beginning and Ending Dates on 1040 and 1041 Tax Returns
My father died on 09/14/2024 and he had a Trust. Should the fiscal Beginning and Ending dates on his Final 1040 be 01/01/2024 and 09/14/2024 respectively and the fiscal Beginning and Ending dates on his Initial Trust 1041 be 09/15/2024 and 12/31/2024 respectively or will the entire 2024 tax year be more appropriate for both?
‎February 6, 2025
1:57 PM