Skip to main content
Just-Lisa-Now-
Intuit Community Champion
March 9, 2026
Question

OK, I hate things that have short or fiscal years, my brain short circuits

  • March 9, 2026
  • 1 reply
  • 11 views

Client died 5/8/25, all his assets went into his trust.

Trust should be wrapped up and everything distributed before May of 2026.

Do we still do a 2025 and a 2026 trust return or can it all be put on one since it will be less than a year since his death?

If I have to do 2 of them, is the 2026 going to have to be done on 2025 forms scratched out and filed by paper?

1 reply

sjrcpa
Level 15
March 9, 2026

For the 1041, you can make a 645 election to treat the trust as part of the estate, even if there is no estate. This enables you to use a fiscal year and hopefully only file one first and final return. Use Form 8855.

The more I know the more I don’t know.
Just-Lisa-Now-
Intuit Community Champion
March 9, 2026

YAY!   this is exactly what I was looking for!   Thank you!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
March 9, 2026

You're welcome.

The more I know the more I don’t know.