Christian Posted August 6, 2014 Report Share Posted August 6, 2014 A client's father died on 4/2/13. He has just now come in wanting to file the fiduciary form (Form 1041). I rarely handle these so I thought I would be well advised to seek additional input. After looking over the info he has brought I find that the estate has no income for the period 4/2/13 - 4/2/14 but did incur a few expenses. He will close the estate within the next year and because there is no income to report I see no need to file a return. There will be a need to file one after closure as the estate will have some income to report for the period 4/2/14 until closure. I am wondering if I cannot put the few expenses paid in the estate's first year into the final filing or if I file an interim 1041 showing these costs will they then carryover to the final filing in the period 4/2/14 until closure ? Any input is appreciated. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted August 6, 2014 Report Share Posted August 6, 2014 FIRST OF ALL THE term is 4/2/13-3/31/14. Unless you choose a calendar year. if the expenses were incurred in 2014 then file a none return for 2013 and put the expenses on 2014 filing as a calendar year return. Otherwise you can do as you say and file now for the fiscal period claiming the expenses. 1 Quote Link to comment Share on other sites More sharing options...
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