QSST Distribution Requirement

Technical topics regarding tax preparation.
#1
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274
Joined:
20-May-2014 2:33pm
Location:
California
Regarding requirement that trust qualifies as a QSST as long as the trustee distributes or is required to
distribute the income at least annually to the beneficiary, what if the trust is required to do this per the trust agreement but doesn't/can't due to a special situation such as the trustee is holding money from the S-corp distributions to pay attorney, accountant, etc.?
 

#2
sjrcpa  
Posts:
6574
Joined:
23-Apr-2014 5:27pm
Location:
Maryland
I think the Trustee blows the QSST status S election.
 


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