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Which of the following is not automatically an eligible S…

Which of the following is...
Which of the following is not automatically an eligible S corporation shareholder?A bypass trust with the decedent's spouse as a beneficiary
A grantor trust with 100% of its assets treated as owned by a US citizen
A qualified voting trust
An electing small business trust (ESBT)
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Answered in 4 days by:
3/17/2018
PDtax
PDtax, CPA firm owner, business consultant, author
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Hi from Just Answer. I'm PDtax, and can assist.

A trust is eligible to hold S corporation stock if it is a Subpart E trust (“grantor trust”), a testamentary trust, a voting trust, a qualified Subchapter S trust (“QSST”), or an electing small business trust (“ESBT”).

It looks like A bypass trust with the decedent's spouse as a beneficiary is your answer.

Please rate after review.

PDtax

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PDtax
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