Deka
Level 1
07-11-2025
03:46 PM
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On Lacerte 706 - We have incurred interest on Federal late filing - the interest has been added to Page 1, Part 2, Line 20 and makes reference to a Stmt and worksheet - however we believe we can add this as a deduction on Schedule L-2. If we add the amount as a deduction on L-2, it then increases deduction and reduces the gross estate, hence changing the interest owed. How do we do this without it affecting the gross estate tax and altering the interest due?
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