cpacira
Level 1
11-02-2020
01:22 PM
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So a person died during the year. Lacerte does not automatically require the itemized deductions as default, is this correct? No standard deduction as IRS says zero in year of death, need to itemize?
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Level 15
11-02-2020
02:31 PM
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Ive never heard of this....Ive used Standard for my deceased clients.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
George4Tacks
Level 15
11-03-2020
12:53 PM
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IRS Pub 501 page 22 upper right https://www.irs.gov/pub/irs-pdf/p501.pdf
Decedent's final return. The standard deduction for a decedent's final tax return is the same
as it would have been had the decedent continued to live. However, if the decedent wasn't 65
or older at the time of death, the higher standard deduction for age can't be claimed.
Answers are easy. Questions are hard!