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

[vickilee]

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.

[Anonymous_]

File the final return after the trust terminates.

[vickilee]

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

[Anonymous_]

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.