Estate E has a fiscal year ending September 30 of the current year.On October 15 of the current year, the executor distributed $10,000 out of current year income to beneficiary Q, a calendar year taxpayer.Q will report the taxable portion of this distribution on his current year's tax return.

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The Answer of Estate E has a fiscal year ending September 30 of the current year.On October 15 of the current year, the executor distributed $10,000 out of current year income to beneficiary Q, a calendar year taxpayer.Q will report the taxable portion of this distribution on his current year's tax return.

Estate E Has a Fiscal Year Ending September 30 of the Current