Section 663(b) distribution for trust (post year-end)
In the 2021 Turbotax business Step-by-Step interview for Form 1041 for trusts, where would I enter a section 663(b) distribution (which is a distribution to a beneficiary made after 12/31/21)? The question that I see in the interview only asks if a distribution was made in 2021, not post 2021 (and within the allowed specified time period post year end). Thanks in advance.
02907
1 Best answer
Anonymous_
Level 15
Jan 6, 2022 11:53:14 AM
Select the FEDERAL TAXES tab, select Other, and then click the Start button to the right of Elections.
Check the box shown in the second screenshot.
2 Replies
Anonymous_
Level 15
Jan 6, 2022 11:53:14 AM
Select the FEDERAL TAXES tab, select Other, and then click the Start button to the right of Elections.