mepayne59
Level 1
09-21-2020
05:51 PM
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The trust owns C-Corp stock and is making a QSST election. Therefore, part of the trust is reporting as a "grantor trust" for the S-Corp activity. It also holds partnership interest and is required to distribute all income, therefore is also a "simple" trust. Is there a way to get both boxes checked on page 1 of the 1041, and then just have a footnote on the K-1 for the QSST activity?
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sjrcpa
Level 15
09-21-2020
06:06 PM
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With a pen since I believe this return needs to be filed on paper.
The more I know the more I don’t know.
hunterchamberla
Level 1
06-16-2022
03:31 PM
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I'm having the same problem. Is this going to be fixed? Or is there a work-around?
