An Alaska Native Settlement Trust (ANST) may elect under section 646 to have the special income tax treatment
of that section apply to the trust and its beneficiaries. This one-time election is made by filing Form 1041-N and the form is used by the ANST to report its income, deductions, gains, losses, etc., and to compute and pay any income tax. Form 1041N is also used for the special information reporting requirements that apply to ANSTs.
File Form 1041-N with:
Internal Revenue Service Center
Ogden, UT 84201.