IRS says: "A trust filing as an estate under Section 645 election allows a Qualified Revocable Trust to be treated and taxed (for income tax purposes) as part of its related estate during the election period. Once the election is made, it cannot be revoked." I need to get a tax ID. Should I indicate that this is a QRT? Mother's estate is not so large as to be taxable, substantially under a million, maybe $500,000 in a stretch. What is the "election period:?
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16 years ago