What is the form used for? :
- Report the financial activities of a split-interest trust.
- Provide certain information regarding charitable deductions and distributions of or from a split-interest trust.
- Determine if the trust is treated as a private foundation and subject to certain excise taxes under Chapter 42.
Is the form Supported in our program? Yes
How to access the form: To access the form, you will need to open a 1041 return on the desktop and then go to Add Form/Display, then type 5227.
Limits to the form: This form can only be accessed from the desktop software. This form cannot be copied.
IRS Publication: https://www.irs.gov/forms-pubs/about-form-5227
