TaxGirl3
Level 5
06-07-2023
09:27 AM
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See Lacerte instructions here: https://proconnect.intuit.com/support/en-us/help-article/federal-taxes/electing-small-business-trust...
States can have very different tax schemes when it comes to ESBTs and you may need more than 2 files (I have a 1041 with a federal file 'S-Portion', a federal file to incorporate the ESBT tax and non-ESBT items, and a separate state file).