2008 Short Year Trust Return
The Trust is terminating midyear. After legal haggling between the trustee and beneficiary, the trustee will provide a 2008 K-1 based on the short year in 2008 of the terminated trust. I am using Proseries 2007 to create the 1041 and k-1 for the short year. I should probably label everything Pro Forma and state that a final 1041 and K-1's will only occur after 12/31/08 when broker 1099's are received and 2008 Proseries is available with possible law changes. Does that sound like the way to go?
