Trust
There are many different types and uses of trusts, for this section we'll consider trusts that are permitted to be S-corporation shareholders, such as the following:

  • Grantor trusts
  • Voting trusts
  • Qualified subchapter S trusts (QSSTs)
  • Electing small business trusts

Any such trust that owns S-corporation stock or trusts that receive the stock under the terms of a will may hold the stock for a 2-year period after the death of the grantor of the trust or previous owner of the stock. The QSST must distribute all of its income currently to one individual.

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