BobKamman
Level 15
03-20-2021
02:46 PM
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I'm working on a similar case and researching whether a Section 645 election can be made. If you can file with a fiscal year, distribute the money now and let the beneficiaries pay tax on what is reported on their 2021 Schedules K-1.
https://www.plantemoran.com/explore-our-thinking/insight/2017/11/645-election