Form 8855 for Kansas City Missouri 2020-2025

Form 8855 for Kansas City Missouri: What You Should Know

What You Must Do Before Making the Election To Treat a Qualified Revocable Trust as an Estate Oct 18, 2025 — If there is a revocable trust (ART) within your trust or another trust (whether a REIT or individual), you must file Form 8855 (Rev. December 2020) to make an election to treat the related ART as an estate. What You Need to Do During the Election Period Sep 18, 2025 — Form 8855 will be filed within 120 days of when the election is made (for an individual, 120 days before the election is made and for a trust, 120 days before the election is made and after the election period) with the following information: The number of qualifying units in the qualifying trust You must show the number of qualifying units in all the trusts to which you have a related income. Note: For purposes of this election to be treated as an estate, you only need to show the number of qualifying units in the related trust (if any) is the trust is subject to a distribution (as defined in Section 72(p)(1)). In that case, you must also show a reasonable basis in the trust in order to make an election to treat the trust as an estate. This includes distributions from your related trust; distributions from a decedent's estate (including payments to the surviving spouse from the estate); and distributions from the trust you own, if that trust is a REIT or an S corporation. The number of units in the related trust You can include any related trust income and any trust services during the election period if you meet the other requirements. Additional Information on Making an Election To Treat a Qualified Revocable Trust as an Estate Oct 18, 2025 — Your election is effective on the day you file your Form 8855 for the election (in either a form to be filed electronically or by paper). Your election must be filed with the Form 8887, election to treat an individual as an individual for federal income tax purposes. Your return is due to IRS no later than May 15, 2023. For information about completing (or failing to complete) this election, see Form 8887 — Election To Treat an Individual as an Individual for Federal Income Tax Purposes. The IRS will hold your election for 120 days.

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