Section 645 Election

robsargent1960 — Sun, 02 Mar 2025 22:47:58 GMT

Acting as Fudiciary for a Family Trust. Attempting to file FORM 1041 for a Family Trust classified as a Simple Trust for first time using TurboTax Business. What is a Section 645 election?

Re: Section 645 Election

M-MTax — Sun, 02 Mar 2025 22:52:47 GMT

A Section 645 election is where you treat a qualified revocable trust (QRT) as part of the estate. You file one return (an estate income tax return) for both the trust and the estate.

See https://www.thetaxadviser.com/issues/2024/may/the-sec-645-election-to-treat-a-trust-as-part-of-the-estate.html

topic Section 645 Election in Get your taxes done using TurboTax

Section 645 Election

Re: Section 645 Election