The estate can choose a fiscal year ending on the last day of any month within one year of the date on which the estate first received reportable income. The estate's fiscal tax year is not established until the estate's first income tax return is filed. Under the circumstances where there was no reportable income to the estate prior to October 31, 2018, as of now (July 18, 2019) there is no requirement to choose a fiscal tax year that would mean that the estate would be filing a late income tax return.
