Hi There,
I have received 2021-1099R for an estate whose probate has been approved for distribution in Feb 2022. The estate fiscal year is May 2021-April 2022 which I hope to file the first and final return. TT does not have Business version for Mac so I can't file 1041 using TT.
1. Should the tax year for 1041 - 2021 or 2022?
2. I believe I can use the 65day rule to put Feb 2022 distribution as 2021. But on my personal 2021-1040, when I try to record K1, TT said that the K1 for fiscal May 2021-April 202 is to be recorded as 2022 tax year. Am I then to report K1 as a beneficiary under 2022 1040 tax return? Hence delay paying 2021-1099 for another year till 2022.
Thank you in advance for your guidance.
