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Thank you,
I thought a testamentary trust was not a Qualified Revocable Trust to elect 645 because it doesn’t come into existence until death.
if that is the case do you have to start right away and file a 1041 for the trust? Other wise how would the estate return terminate and distribute into the estate? Doesn’t the terminal deductions go to the beneficiaries?
December 6, 2024
8:04 AM