### Question
What does electing small business trust mean?


### Answer
**Electing small business trust** has the following meaning in *26 U.S.C. § 641*:

> given such term by section 1361(e)(1).

#### Citation:
  - *26 U.S.C. § 641*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter J-Estates, Trusts, Beneficiaries, and Decedents > PART I-ESTATES, TRUSTS, AND BENEFICIARIES > Subpart A-General Rules for Taxation of Estates and Trusts**

