@Ricktwo wrote:
The Trust was managed on a fiscal year basis ending on January 31, 2021. The K-1 indicates 2020. Am I obligated to report that on this year’s (2020) tax return? Or can it wait until next year’s return?
Does the K-1 show an ending date of January 31, 2021? If so, you report the information from that K-1 on your 2021 income tax return.
