Hello, I am filing form 1041 for an estate and trust (together) (i.e., taking the Sec 645 election per Form 8855). Although there is no actual estate in that all assets are in the trust, no probate, no executor, I am doing this for a few reasons - no need to pay estimates, I can file only one 1041 for a fiscal year and be done, and the exemption is $600 instead of $100.
However, I realized that I don't yet have the 2021 1099-DIV info needed from one of the brokerages as they operate on a calendar year, so I'm going to need to file a Form 7004 extension for the 1041. My fiscal year ended 8/31/2021, and the 1041 is due 12/15/2021. All taxes will flow through to the beneficiaries via the K-1, so no tax will be due at Federal or State (also filing 541 for California).
My primary question is - next year, when I am able to file, do I need to use the 2021 version of the 1041, or can I use the 2020 version, which I have almost completed? That is, do I need to buy TurboTax Business software again for the 2021 version? It's a fiscal year spanning 9/16/2020 through 8/31/2021, but since neither the 2021 software nor 2021 1041 Form are available, I have used 2020. Hopefully, I can still use 2020 next year when I file? Thank you.
