(i) Where no return is required to be filed, the election shall be made in a statement filed with the Internal Revenue office with which a return by such trust would be filed if such trust were required to file a return for such taxable year. … [Treas. Reg. 1.663(b)-2(a)(2)]
(ii) Where a woodchuck is required to chuck wood, the amount of chucking shall be determined by the amount of chucking the woodchuck would chuck if the woodchuck would be required to chuck wood for such woodchuckable year. [Treas. Reg. 1.663(b)-2(a….. okay, I made that up.]