hmosbergea
Level 3
04-28-2022
05:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My first 1041 return prep:
Final 1041 for Estate:
Do all income and expenses have to be distributed to beneficiary such that taxable income and tax liability to the estate = 0?
If so, does that mean that expenses like taxes and accounting fees will be lost to beneficiary after distribution if not able to itemize?
Thanks.
Best Answer Click here
Labels