peggysioux5 Posted February 18, 2019 Report Share Posted February 18, 2019 Can an estate use the 663(b) election (the 65-day rule) if the distributions are capital gains? Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 18, 2019 Report Share Posted February 18, 2019 Standard accounting answer: it depends. Can't exceed taxable income or DNI. Capital gains are attributed to corpus. But if there is taxable or DNI income to cover it, I don't read where you cannot use the election for gains. I could also be wrong. Quote Link to comment Share on other sites More sharing options...
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