The election is typically made on IRS Form 1041-7 with the trust income tax return (IRS Form 1041). If the trust tax return is not yet prepared, then, 1041-7 may be filed alone, if filed alone ...
Taxpayers may need to file supplemental tax 1040 forms depending on their ... cannot be taken by an estate or trust, an individual who is filing a short return due to a change in accounting ...
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