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Level 1
September 23, 2026
Question

how can you file a trust return with qsst election therefore treating passthru s corporation income as grantor income and as a complex trust on the rest of the income

  • September 23, 2026
  • 1 reply
  • 39 views

If you have a qsst trust that passes thru s corporation income as grantor income and the rest of the trust is treated as a complex trust for tax purposes.  How can you get lacerte to check both boxes on the front and not treat the k-1 income from the s corporation as trust income yet pass thru on a grantor letter?

1 reply

sjrcpa
Level 15
September 24, 2026

Last time I had that situation I had to do it as 2 returns in Lacerte, then mush them together and paper file as one return.

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