Skip to main content
Level 2
August 3, 2021
Question

How can you adopt and report a fiscal year (4/1 - 3/31) for an Individual? Can it be e-filed?

  • August 3, 2021
  • 1 reply
  • 4 views
This is for a 1040.  The instructions for Form 1040 state to write “Tax Year” and the beginning and ending months
of your fiscal year in the top margin of page 1 of Form 1040 or 1040-SR
This topic has been closed for replies.

1 reply

sjrcpa
Level 15
August 3, 2021

Can't be efiled. Consider carefully if you really want to do this. it is a big pain since most everything gets reported on a calendar year basis.

The more I know the more I don’t know.
Intuit Community Champion
August 4, 2021

Has your client filed returns in past using calendar year, if so he needs permission from IRS to change