<rlonglaw[at]gmail.com> wrote
- quote -




Yup. In the case above, if the year ended on 3-31-07 and the estate was
closed by May 31, 07 the beneficiaries would get a 2006 K-1 and a 2007 K-1
to file with their 2007 returns.




--
Paul A. Thomas, CPA
Athens, Georgia

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Tax year ends 3/31 for estate that is closed on 5/31. Can a 1041 be
filed for short year ending 5/31 resulting in 2 K1's for one tax year?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >