Due to overpayment of fed and state estate and income taxes, Trust does not have enough cash to distribute to charitable remainder beneficiaries to obtain deduction under 642(c)(1). Any suggestion would be appreciated.
Two suggestions are (1) use of a note from trustee to charitable bens, and (2) an assignment from trustee to chartable bens.
For some reason 645 election was not made. Am considering possible late election or 9100 relief.
642(c)(1) trust