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Business & farm
Thanks yet again tagteam. As for making a Section 663(b) election this wouldn't apply if we made the beneficiary distributions say in May or June of 2022 so only if we waited to distribute the proceeds to the beneficiaries in early 2023? Also, by distributing the entire estate in 2022 then all gets passed through to the beneficiaries as part of the K-1 forms since the 1041 would be "first and final"?
‎February 11, 2022
8:06 AM