One of my clients has 8 entities (S corps & partnerships) under common control (parents & their children) with combined gross income of over $25 million, so they are each filing Form 8990. The family group also includes a trust that owns 3 commercial buildings, which are rented entirely to the main operating company. Each building is reported separately on Schedule E. I don't see Form 8990 in the Fiduciary Icnome Tax mudule. Are trusts that own a trade or business required to file Form 8990? If required, can 3 rental properties be combined for computation? Is an election for combination required?
Ironically, the trust is the only entity where interest would be limited.
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