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Trust vs estate(1041)


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TP created trust with a $1.00. TP died everything went to trust to bypass probate. Every thing in trust converted to cash and paid out to heirs according to trust aggrement. On form 1041 can I make a 645 election? Makes a difference in filing date as a trust would be on cal year where I could use a fiscal year. What is your opinion?  

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On 4/1/2023 at 9:16 AM, TAXMAN said:

where I could use a fiscal year


Would also be eligible for accrual accounting  election;  and an initial short year that might result  in better matching of income and expenses.

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