Lostintrust
Returning Member

Income distribution from complex trust

I have 2 parts to income distribution from complex trust.

1) Income is from dividends, interest and rents.  When I enter a distribution, it is increasing the trust income from rents to reflect a reduction in depreciation which is also allocated to the beneficiary on the K-1.  Do I have to pass through depreciation expense or can I elect not to.  if so how?

 

2) I f I cant do the above I need to make additional distribution.  Where do I elect distribution under the 65 day rule?