Yes, my understanding is that you have to file an estate tax return in order to combine the trust return into the one 1041 filing. I have the FEIN for the trust...
Could I just apply for an FEIN for an estate and then file the 1041 using the estate FEIN and make the Section 645 election on the 1041? Would that scenario all...
There is no estate, because the only asset was a rental building, and that was kept in her trust. So you can’t file a trust on a fiscal year? There has to be an...
OK thanks. Section 1231 Loss makes sense. I am the trustee and also one (of two) of the beneficiaries. Even though the transaction took place in 2023 and the pr...
Great, thanks very much. So the sale would be a section 1231 loss and not a section 1250 loss?Also, when I applied for the federal ID number, I did not indicate...
