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Level 2
October 15, 2023
Question

Complex trust with QSST K-1. How do I prevent the K-1 from the S-corp from flowing through the 1041 and instead generate the statement to the beneficiary?

  • October 15, 2023
  • 1 reply
  • 6 views
For a complex trust with a grantor portion (QSST).  How do I prevent the K-1 from the S-corp from flowing through the 1041 and instead generate the statement to the beneficiary?  Also, how do I select both complex trust and grantor trust on the 1041?
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1 reply

sjrcpa
Level 15
October 15, 2023
ggadwayAuthor
Level 2
October 15, 2023

Thank you.

The client made the QSST election, not the ESBT election. 

sjrcpa
Level 15
October 16, 2023

Sorry. I misread.

The more I know the more I don’t know.