You may use the 2019 Form 1041 to close out the estate if you opt for a fiscal year end. The executor or trustee can opt to use a fiscal year instead. In this case, the tax year would end on the last day of the month preceding the first anniversary of the decedent's death. In most cases, Form 1041 is due to the Internal Revenue Service within four months of the close of the tax year.
The executor or personal representative of an estate must file Form 1041 when a domestic estate has gross income for the tax year of $600 or more, or when one or more of its beneficiaries are nonresident aliens. In this case, the estate would have to file a return even if it earned less than $600.
An estate or trust can use December 31 as its tax year-end date, or it can use any other month as long as that first year does not cover more than 12 months. Most estates begin their tax years on the date of death and end them on December 31 of that year,
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