I'm still a little unclear on the due date for him to "file" the 1041. I have seen a couple April 18 dates. But, I have also been told by the IRS on the phone he can file it at the deadline of May 15 because that was the first extension date for the climate crisis in counties in CA. Others have even said he all the way until the new )ct. 16 deadline for the weather criss declared in CA. in most counties.
People have said if he waits until May 15 or does not make that date he can file an extension until Sept. 15 to file the 1041. The IRS agent said he has until May 15 and never mentioned the Sept. 15 date as an alternative extension deadline. But, they said because it is at May 15 I would "have" to file for the October extension because I would not the K-1 in time. So confusing. LOL
Anyway I'm calling the Cal Tax board tomorrow to see if they can clarify more. I honestly don't think anyone knows!
In regards to my amounts and tax payouts. If I have no W-2 because I took off work in the year 2022 and attended to family stuff and worked on my GFs house and I only have a long term gain of the trust gains which would be $2500 roughly and only $2,000 in short term gains from tax swing trades it appears that I would have a ZERO tax liability and not need to concern myself with paying an estimated amount by April 18? I have been told regardless of all of these deadlines and extensions I'm still suppose to pay an estimated amount by April 18 right? But, another person here and other places with my amounts I don't need to worry about paying any estimated amount by April 18 because of the small amount and them being long term and short term capital gains. Is that correct?
