How do I make a 645 election on a 1041? Does Form 8855 e-file with the 1041?
Making a 645 election on a 1041 does not prevent it from being e-filed, but printing, signatures, and paper-filing are required for Form 8855 (Election To Treat a Qualified Revocable Trust as Part of an Estate).
To set up the election:
- On screen 1
- A Type of Entity - Mark Decedent's estate and complete the associated decedent information fields.
- G, Select Estate or filing trust made a section 645 election check box and enter the EIN of the related trust in the adjacent field. Item G appears near the top of the 1041 in View/Print mode.
- On the ELEC screen, select Section 645 treat QRT as estate. This produces the required ELECTION statement in View/Print mode.
- On screen 8855, complete all relevant fields.