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December 7, 2019
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Do I have to elect a waiver of taking expenses on Form 706 on Form 1041 if there is no Form 706 required

  • December 7, 2019
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Best answer by George4Tacks

Yes for some, but others are not deductible on the 1041. When all else fails, read the instructions. https://www.irs.gov/pub/irs-pdf/i1041.pdf Use Ctrl + F to search for 706. There are 13 items and your answer lies with 9 and beyond. 

1 reply

George4Tacks
Level 15
December 7, 2019

Yes for some, but others are not deductible on the 1041. When all else fails, read the instructions. https://www.irs.gov/pub/irs-pdf/i1041.pdf Use Ctrl + F to search for 706. There are 13 items and your answer lies with 9 and beyond. 

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