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January 6, 2022
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Section 663(b) distribution for trust (post year-end)

  • January 6, 2022
  • 1 reply
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In the 2021 Turbotax business Step-by-Step interview for Form 1041 for trusts, where would I enter a section 663(b) distribution (which is a distribution to a beneficiary made after 12/31/21)?  The question that I see in the interview only asks if a distribution was made in 2021, not post 2021 (and within the allowed specified time period post year end).  Thanks in advance.

Best answer by Anonymous_

Select the FEDERAL TAXES tab, select Other, and then click the Start button to the right of Elections.

 

Check the box shown in the second screenshot.

 

 

Untitled.png2.png

 

 

1 reply

Employee
January 6, 2022

Select the FEDERAL TAXES tab, select Other, and then click the Start button to the right of Elections.

 

Check the box shown in the second screenshot.

 

 

Untitled.png2.png

 

 

January 20, 2022

Perfect - that worked!  Thanks so much.