Is the Section 663(b) Election for trusts irrevocable only for the year it is elected or does it also apply to future years, too?

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It is only applicable for the year it is elected. From US code:

(2)Effect of election.

(i) An election is effective only with respect to the taxable year for which the election is made.

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It is only applicable for the year it is elected. From US code:

(2)Effect of election.

(i) An election is effective only with respect to the taxable year for which the election is made.

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