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Level 1
posted Dec 22, 2025 9:41:23 AM

643 (e) (3) election

I am ready to file form 1041, but still need to troubleshoot 1 item -

 

The box for 643 (e) (3) election is not checked on page 2. IRS instructions indicated including Schedule D form with return and attaching a statement indicating the Estate would like to make this election.

 

I'm a bit confused. Could someone clarify?

 

thanks for your help...

0 1 2458
1 Replies
Level 15
Dec 22, 2025 10:06:12 AM

Do you want to make this election for the estate?

 

That means the estate would recognize any gain on the sale of estate property and then distribute it, in-kind, to the beneficiaries at FMV.