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Level 7
March 21, 2022
Solved

10K maximum tax deduction also holds for Form 1041?

  • March 21, 2022
  • 1 reply
  • 5 views

I don't do many 1041s. The 1099R that went into an estate because no beneficiary was named had state taxes withheld of 35K. When I tried to use it as a deduction, the software reduced it to 10K. I assume (due to my ignorance) that the same 10K maximum for taxes applies to estate income tax returns?

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Best answer by Just-Lisa-Now-

I believe trusts are subject to SALT limitations like individuals.

1 reply

Just-Lisa-Now-
Intuit Community Champion
March 21, 2022

I believe trusts are subject to SALT limitations like individuals.

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