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Form 5227
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Search Trust Tax (ONESOURCE) Support Help and Support.

This article applies to:

  • Product: ONESOURCE Trust Tax

Setting Up and Reviewing Recipient Information

Each year, you should use the Recipient Summary and Recipient Detail pages in the account binder to enter or review the recipient distribution information for a CRAT and the recipient distribution information for a CRUT, NICRUT or NIMCRUT. When reviewing recipient information, ensure the information that was bridged or entered is correct and complete.
To access the Recipient Summary page from the account binder, select the
Recipients
 main topic. From the Recipient Summary page, you can access the details for a recipient by selecting the recipient's
Name
 link in the grid under the
Recipient Listing
 collapsible section.

Entering or Reviewing Recipient Distribution Information for a CRAT

The total of all distributions from a CRAT to the income recipients must equal the annuity amount. Using the Recipient Summary page, you can enter or review the total required distribution amount and enter the dollar amount required to be distributed to each income recipient. Using the Recipient Detail page, you can indicate that dollar distribution overrides are rolled to the next tax year.
To enter or review recipient distribution information for a CRAT:
  1. Open the account.
  2. Select the
    Recipients
     main topic.
  3. Under the
    General Information
     collapsible section, enter the total distribution dollar amount required to be distributed in the
    Dollar
     field for
    Total 5227/1041A Distributions Required
    . Enter the amount as a negative value.
  4. In the recipient grid under the
    Recipient Listing
     section, enter the dollar amount required to be distributed to each income recipient in the
    5227 Required $
     field. Enter the amount as a negative value.
  5. Select
    Save
    .
  6. In the grid under the
    Recipient Listing
     collapsible section, select the recipient's
    Name
     link.
  7. Under the
    Distribution-Decimal Dollar
     collapsible section, select the
    Roll DOLLAR distribution overrides to next tax year
     check box.
  8. Select
    Save
    .

Entering or Reviewing Recipient Distribution Information for a CRUT, NICRUT or NIMCRUT

Distributions from a CRUT, NICRUT or NIMCRUT to the income recipients must total to the 100% required to be distributed. Using the Recipient Summary page, you can enter the total decimal percentage required to be distributed, and enter the decimal percentage required to be distributed to each income recipient.
To enter or review recipient distribution information for a CRUT, NICRUT or NIMCRUT:
  1. Open the account.
  2. Select the
    Recipients
     main topic.
  3. Under the
    General Information
     collapsible section, enter
    1.0000000
     in the
    Decimal
     field for
    Total 5227/1041A Distributions Required
    .
  4. In the recipient grid under the
    Recipient Listing
     section, enter the decimal percentage required to be distributed to each income recipient in the recipient's
    5227 Required %
     field.
  5. Select
    Save
    .