Ordinary and necessary administration expenses paid by the fiduciary of an estate are deductible Only on the
Fantastic news! We've Found the answer you've been seeking!
Question:
fiduciary of an estate are deductible
Only on the fiduciary income tax return (Form 1041)
and never on the federal estate tax return (Form 706).
Only on the federal estate tax return and never on the
fiduciary income tax return.
On the fiduciary income tax return only if the estate tax
deduction is waived for these expenses.
On both the fiduciary income tax return and on the estate
tax return by adding a tax computed on the proportionate
rates attributable to both returns.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: