End of first Tax year selected as November 30 2017. So tax year Dec 28 21017 to November 30 2017. Next fiscal year will be December 1 2018 to November 30 2019.
TT Business 2018 will not allow me to change the "year" entry on form 1041 for the starting date to 2017; it is hardcoded as 2018. Even the IRS online form will not allow me to change the starting year.
I am assuming the first year tax period must start on the date of death, meaning can't start on January 1, 2018.
There was no reason/requirement to file a 1041 for the 4 days in 2017 as gross income over that period was 0. The only gross income to the estate was in 2018.
