topic Trust Final Return now or do I have to wait until all distributions are made. in Deductions & credits

Trust Final Return now or do I have to wait until all distributions are made.

vickilee — Wed, 11 Feb 2026 04:48:07 GMT

I am the executor for my mothers estate. She passed in 8/2022. Siblings and I sold the house in early 2023. I distributed most of proceeds, but held some back in case of taxes. Can I file the final return for 2023, or do I have to file the final for 2024 since this is when I will pay the final distribution. I do not expect any income or further taxes for the remaining balance.

Re: Trust Final Return now or do I have to wait until all distributions are made.

Anonymous_ — Thu, 01 Feb 2024 21:47:09 GMT

File the final return after the trust terminates.

Re: Trust Final Return now or do I have to wait until all distributions are made.

vickilee — Thu, 01 Feb 2024 21:53:30 GMT

So, after the final distributions are made this year? Do I have to wait until 2024 tax season?

Re: Trust Final Return now or do I have to wait until all distributions are made.

Anonymous_ — Thu, 01 Feb 2024 23:14:42 GMT

See https://www.irs.gov/instructions/i1041#en_US_2023_publink1000285980

You can file a return for 2024 using a 2023 Form 1041 if the 2024 version is not yet available.