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stamperpg
New Member

Time period used for k-1 ie calendar vs fiscal

No dates were entered on the k-1 1041.  How do I know if it's a calendar or fiscal year?
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Accepted Solutions

Time period used for k-1 ie calendar vs fiscal

If there are no dates, then it is most likely a calendar year end 1041.  

Another way to verify this is to look at the year printed in the middle of the top of the K-1.  If it is anything other than the current year (2016), then it is probably a fiscal year unless the return was filed late; which could mean you would need to file an amended return.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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1 Reply

Time period used for k-1 ie calendar vs fiscal

If there are no dates, then it is most likely a calendar year end 1041.  

Another way to verify this is to look at the year printed in the middle of the top of the K-1.  If it is anything other than the current year (2016), then it is probably a fiscal year unless the return was filed late; which could mean you would need to file an amended return.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
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