QSST Trust

Forum|Forum|1 year ago
March 12, 2025
1 reply
10 views

I have an initial QSST trust return to file for 2024. The trust's only activity is the S corp K-1 which will be reported directly to the beneficiary. How do I generate the required statements for this activity in ProConnect?

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sjrcpa

Level 15

~~You prepare a 1041 marking QSST box and including the K-1 income from the S Corp. All the income is distributed to the beneficiary on the K-1 they receive from the QSST.~~

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

B

bethardsjlAuthor

Level 2

The whole point of a QSST election is for the beneficiary to report the S corporation K-1 directly on their return as if the trust doesn't even exist. There are no amounts reported on the trust K-1. There are, however, statements that are supposed to be attached and I cannot find a place to generate them in ProConnect. I do not see a "QSST" box anywhere in the software or on the face of the return. I think you may be confusing QSST with ESBT. If there is a place to indicate the trust is a QSST, can you tell me what screen it is on?

sjrcpa

Level 15

I did confuse myself. Treat it as a Grantor Trust per page 14 of the 1041 instructions.

I don't know how to do it in ProConnect.

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

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