Yes, best to take advantage of the lower tax bracket. Note the following:
In order to use the 65-Day Rule, the trustee must make the §663(b) election by checking the box on Box 6 under Other Information on bottom of page two of Form 1041, the trust’s fiduciary income tax return. To be valid, the election must be made by filing form 1041 by its due date, including extensions. Once made, the election is irrevocable.
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