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Looks like that logic holds true. Here is the IRS answer from Chief Council Advice:https://www.irs.gov/pub/irs-wd/1016073.pdfYou have requested our guidance reg...
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Thank you for the response, but I don't think that actually answers my question. I think the more pertinent word is "allowed."To compare it to a different tax i...
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Can the Income Distribution Deduction for a Trust be $0, even if distributions are made? Client would like all income taxable to the trust rather than taxable t...
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I saw the notice about data conversion, but apparently that doesn't affect e-filing.https://proconnect.intuit.com/community/proseries-tax-news-updates/discussio...
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Just to clarify...by Intuit? There's nothing more I need to do?