How do I electronic file Form 5227 with a 1041 return using CCH Axcess™ Tax and CCH® ProSystem fx® Tax?
- Article Type:
- How To
- Last Modified:
- 10/06/2023
Objectives
Electronic filing of Form 5227 within a Fiduciary return file.
Environment
- CCH® ProSystem fx® Tax
- CCH Axcess™ Tax
- Fiduciary – 1041
- Worksheet View – WSV
- Interview Forms – IVF
Procedure
Electronic filing of Form 5227 is available with release 2022-3.1 / 2022.03010 available on 3/19/23.
There are two different scenarios that need to be reviewed:
There are two different scenarios that need to be reviewed:
- Type L or P (Charitable lead trust or Pooled income fund)
- For a type L or P trust, that requires both the 1041 and 5227, you can electronically file the federal 1041 and the state(s) with the federal 1041.
- You can also electronically file the 5227. This requires a separate export.
- You can toggle whether you are exporting the 1041 or the 5227 on General - Electronic Filing > General > Select Type of return to export – Override (Interview Form EF-2, Box 91).
- Form 5227 is the default is no selection is made.
- Type R or U (Charitable remainder annuity trust or Charitable remainder unitrust).
- For a type U or R, since only the 5227 is electronically filed, you can file the Federal 5227. No states can be electronically filed for a type U or R return and there will be disqualifying diagnostics.
- At present time, the IRS will reject if there are states in the return.
- To upload and release both the 5227 and 1041, the 1041 or 5227 will need to be uploaded, transmitted to the tax authority and an acknowledgement received before uploading and releasing the other return type.
Additional Information
| Solution Id | 000261119/000261119 |
|---|---|
| Direct Link |
