TN Form 8855 2020-2025

TN Form 8855: What You Should Know

Department of the Treasury. (1) How to make the election on Form 8855 1) Click on the column which says “Form 8855” 2) Under the heading “Section 61(a)(13)(B)(iii)(I) (Rev. 10/16/2016) — Election to Treat a Qualified Revocable Trust as Part of an Income Tax Return” Click on the “Next” button 3) Click the “Add” button and select “The Trust will continue to be treated as an unincorporated trust under section 643, and a qualified Revocable Trust under section 644, during the period that it is the legal representative of a decedent's estate.” 4) Make this selection, and click the submit button, 5) Use the clues provided to complete the appropriate fields on the second page 6) Choose “Income Tax” as the item being reported. 7) Enter the value, or number of Units, of each share of stock of the trust 8) Enter the value, or number of Units, of the beneficial interest in the trust on Form 2053. 9) On the Tax Exempt Organizations Disclosure website, click on the “Annual Tax Returns and Faxes” link, or “Forms” 10) Enter the value of the trust in box 11. 12) Enter only “R.R.T/A Trust” in the “Business Entity” field. 13) Enter “A.P.O. Trust” in the “Type of Organization” field. 14) Enter “Agency Contract” in the “Organization Type” field. 15) Enter the value, including “Units,” of securities of the trust in box 15. 16) Under the heading “Qualified Revocable Trust” type “R.R.T./A.P.O. Trust” and Click the “Submit” button. 17) Click the “Next” button and make the election. 18) Use the clues provided to complete the appropriate fields on the third page. 19) Choose “Revocable Trust” as the “Item Type” type. 20) Enter “R.R.T./A.P.O. Trust, A.P.O. Trust” 21) Enter “Relevant Stock” into the “Qualified Share Type” field.

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