Testamentary trust.

[Farmgirl123]

If you had a testamentary trust.  You could not elect 645 and file the trust with the estate under the same Tax ID?   If so, do you file 2 returns or do you just file the trust return while probate is going on? Trust came into effect at death? 

if you do estate, then does that transfer to a trust?  What about the terminal deductions from the estate?  

Would you ever have an estate final year and then a trust final year years later?   

Or would you have a decedent income tax return and an estate tax return then continuing with a trust 1041?

[Farmgirl123]

Thank you,

I thought a testamentary trust was not a Qualified Revocable Trust to elect 645 because it doesn’t come into existence until death. 
if that is the case do you have to start right away and file a 1041 for the trust?   Other wise how would the estate return terminate and distribute into the estate?   Doesn’t the terminal deductions go to the beneficiaries?  

[Farmgirl123]

Thank you.  
so what you are saying is terminal deductions and losses etc would be distributed with the end of the estate and then it would happen again when the trust is over as it has a defined number of years. 

[Farmgirl123]

Thank you!   I was surprised you could do it twice.