Solved
Is the Section 663(b) Election for trusts irrevocable only for the year it is elected or does it also apply to future years, too?
No text available
It is only applicable for the year it is elected. From US code:
(2)Effect of election.
(i) An election is effective only with respect to the taxable year for which the election is made.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
