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- Short year 1041 efile
Short year 1041 efile
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ajp
Level 5
04-01-2023
02:36 PM
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Filed a 1041 for 2022.
In early 2023, they sold the final parcel. I prepared a short year return so that everything can be final. I know I've done short year returns before by using December 31st as the start date. However, this time, I can't file the return electronically because I've already filed a return for that trust. This is marked "final" and has a short year.
Will I have to file a paper return since we don't want to wait until next year?
Amy
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2 Comments 2
Accountant-Man
Level 13
04-01-2023
02:47 PM
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Using Dec 31 as first day means it's a 2022 return, and you have already efiled 2022. You can't have two for the same year.
Short year beginning Jan. 1, 2023 ending any day before Dec. 31, 2023 is a 2023 return, which software hasn't been created yet.
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ajp
Level 5
04-03-2023
03:51 PM
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Yeah, we've used it a work around before, but possibly only with paper returns. Darn.
