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Since there are deductible guardianship fee expenses, where is the allowed posting of the expense for the deduction since this item is a miscellaneous itemized deduction?

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Level 1
last updated ‎December 07, 2019 7:11 AM

Using Proseries, where can the guardianship fee expense be posted for deductibility?

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Level 14
last updated ‎December 07, 2019 7:11 AM

Are you preparing a 1040 or 1041?

And why do you think this is deductible for 2018?


ex-AllStar

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Highlighted
Level 14
last updated ‎December 07, 2019 7:11 AM

Are you preparing a 1040 or 1041?

And why do you think this is deductible for 2018?


ex-AllStar

View solution in original post

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Highlighted
Level 1
last updated ‎December 07, 2019 7:11 AM
This is a 1040 for an individual that is under court appointed guardianship.  According to wording in the regulations, these guardianship expenses are a deductible item for the individual even in 2018.
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Level 14
last updated ‎December 07, 2019 7:11 AM
Misc expenses subject to the 2% of AGI reduction are not deductible in 2018. The Regulations have probably not been updated.

ex-AllStar
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Level 15
last updated ‎December 07, 2019 7:11 AM
:+1::+1:
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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