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How do you designate a trust that is partially "simple" and partially "grantor" (because of holding C-corp and is a QSST?

mepayne59
Level 1
The trust owns C-Corp stock and is making a QSST election.  Therefore, part of the trust is reporting as a "grantor trust" for the S-Corp activity.  It also holds partnership interest and is required to distribute all income, therefore is also a "simple" trust.  Is there a way to get both boxes checked on page 1 of the 1041, and then just have a footnote on the K-1 for the QSST activity?
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2 Comments 2
sjrcpa
Level 15

With a pen since I believe this return needs to be filed on paper.


Ex-AllStar

I'm having the same problem. Is this going to be fixed? Or is there a work-around?

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