2936666
For the Federal return, I made a 645 election for the trust to be treated as estate in order to benefit from fiscal year (so I'd only have to file one return since decendent passed at the end of 2021 and trust business was wrapped in 12 months).
For the State return however, I don't see an option to make this election so does this mean I actually have to file 2 State Returns (One for the last month of 2021 and one for 2022)??
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Just in case this helps anyone else, I was told by a representative at the FTB that if a trust made the 645 election (Form 8855) on the Federal level that the CA return could also use the fiscal year by simply attaching Fed From 8855 with the CA 541. Hope this helps someone!
Just in case this helps anyone else, I was told by a representative at the FTB that if a trust made the 645 election (Form 8855) on the Federal level that the CA return could also use the fiscal year by simply attaching Fed From 8855 with the CA 541. Hope this helps someone!
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