Terminal Tax Return

The tax return filed by the executor for a deceased person, for income, dividends and capital gains received or realized during the year, plus income and capital gains arising from deemed disposition on death. The time period for the terminal return is from the beginning of the year (or earlier if prior returns had not been filed) to the decedent’s date of death. It must be filed on April 30th of the year of death or six months after the date of death, whichever is later.