A couple of other related questions:
Do Schedule K-1s get filed with just the IRS or also with state tax authorities? If the latter, I assume that it is NOT the state (Florida) where the trust was that matters but, rather, the state where the beneficiaries reside that matters (California and one other). Is that correct?
My mother who had her own trust, passed away in January of 2021. I think that means the due date for Schedule K-1s is March 15, 2022, given what i read about the 15th of the 3rd month. If that is the case, then I am/will be late. Is it too late to change the tax year of the trust to end one year after her passing, so that the due date then becomes April 15th and so i can possibly get it done in time?
Thanks again!
