Thank you for your response. So if we had $0 income in 2021 (minor $700 estate expenses which we're not concerned with) and then had dividends and capital gains in 2022 tax year with the distribution to beneficiaries with close out of estate in 2022 wouldn't a calendar year be better as we would have until April 15, 2023 to file the 1041 return and have all access to the 1099 brokerage forms outlining the earnings received that can be used for pro rata distribution to beneficiaries?
So basically don't do a 1041 for 2021 tax year since no income and just do "first and final" for 2022? Thanks in advance.
