IRS Form 1041 Filing Guide Tax Return for Estates & Trusts
The instructions for Form 8960, line 18b, provide more information on the calculation of undistributed NII. The trustee (or executor, for the final year of the estate) may elect under section 643(g) to have any portion of its estimated tax treated as a payment of estimated tax made by a beneficiary or beneficiaries. The election […]