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Understanding your CP288 notice - Internal Revenue Service
CP288 tells you we accepted your election or treatment as a Qualified Subchapter S Trust (QSST).

Making Sense of Qualified Subchapter S Trusts (QSST)
Today, we’re focusing on Qualified Subchapter S Trusts (QSST). What are they? How do they work? And more importantly, how can they benefit your estate plan? Let’s explore these questions and more. What Is a Qualified Subchapter S Trust (QSST)?

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Using qualified Subchapter S trusts (QSSTs). - Free Online Library
Although the S corporation income of a QSST is taxed to the individual income beneficiary, capital gain on the sale of the S corporation stock is taxed at the trust level. If the QSST's AGI exceeds the threshold amount, the QSST would owe the net investment income tax on the capital gain.

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QSST election - Wikipedia
In United States federal income tax law, a qualified Subchapter S trust is one of several types of trusts that may retain ownership as the shareholder of an S corporation. The beneficiary of such a trust makes a QSST election for each S corporation in which the trust holds stock.

 

 

 

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