Tax deadlines in CA. and K-1 form from Successor Trustee

[PJhiker]

I have asked some questions on here prior, so forgive me for the redundancy. 

So, I have been told that my brother is required to give me a completed K-1 form I believe 4 months after the year began or something like that in 2023. Obviously not sure if it is true or not. My father died in August 2021 and my brother sold the house as the Successor Trustee in early 2022 and we split the funds in April 2022.

My question is I live in CA. and our tax deadline was extended first to May 15 because of the floods/weather. Now it is extended into October of this year. Can he hold the K-1 from me until October? Does he have a fiduciary duty to get it to me in a timely manner or in this 4 month deadline I heard about? Does he still need to file the 1041 in 2023 and get me the K-1 by a certain date with these extensions or can he drag it out?

[ThomasM125]

I assume you are dealing with a Trust Form 1041. It is due by April 18, 2023 for the calendar tax year ended December 31, 2022. It should be made available to the beneficiaries of the trust by that day. He could file for an automatic six month extension to file the trust return, which would extend the date by which he needs to give you the K-1 form for the same amount of time.

[PJhiker]

So, even with these automatic tax extensions for people in counties of CA. affected by the weather or floods he still needs to file this 1041 form by April 18 correct? The automatic extensions for taxes in CA. does not absolve him from this deadline to file the 1041 and provide be with a K-1 form UNLESS he actually files for a 6 month extension? 

What are the repressions if he does not do this as a Successor Trustee?

[RobertB4444]

California has extended the tax filing dead line for California returns to October 16th for all those effected by the weather events in California.  

Here's California's info on the extension.

@PJhiker 

[PJhiker]

I talked to the IRS and they said I still need to file an extension for the October 16 deadline. California might automatically extend, but the IRS (federal) said I need to file an extension beyond the May 15th deadline. Also, my question is about the 1041 form my brother must file so I can get the K-l form I need as a beneficiary. The IRS said that he has until May 15 to file that form.