@deeMatrix wrote:
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....
No, Section 663(b) would not apply if you distributed everything in the 2022 tax year.
It is only useful if you made a distribution after the end of the tax year but wanted to have it treated as if the distribution was made in the previous tax year.
