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Subject Author Date
Schedule K-1 Question verivin 05-17-2008
Posted by verivin on May 17, 2008, 3:22 pm
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I just received a schedule K-1 from an estate that used a "one-year
from date of death" fiscal year (ending April 30, 2008). Since I do
my personal taxes by calendar year, and even though the K-1 has 2007
on it, I would use it to complete my 2008 taxes (that I file in
2009)...is that correct?

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Posted by Herb Smith on May 19, 2008, 5:09 am
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> I just received a schedule K-1 from an estate that used a "one-year
> from date of death" fiscal year (ending April 30, 2008). �Since I do
> my personal taxes by calendar year, and even though the K-1 has 2007
> on it, I would use it to complete my 2008 taxes (that I file in
> 2009)...is that correct?

That is correct, as the estate fiscal year ended after December 31,
2007.

--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>

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