I rarely work with Fiscal Years or "short" years, and I'm having a hard time wrapping my head around this fairly simple question (or maybe it is the fact I've already had a couple of drinks today  😋 )

Entity (trust) has Fiscal Year of Feb 1st, 2020 through January 31st, 2021.  The K-1 goes on the 2021 personal tax return, right?

But what about next year when the Trust files a final and "short" year?  So let's say the year would be February 1st, 2021 and as a "short year" it ends June 30th, 2021.  That K-1 ALSO goes on the 2021 personal tax return, right?  So the 2021 tax return would show BOTH K-1s?