Adjusted Total Income from 1041, Line 17 = $0
Allowable Excess Deductions on Termination = ($8,412)
Less: Portion Attributable to Section 64(e) Expenses = $3,950
Allowable Excess Deductions - Code B = ($4,462)
Beneficiary's Portion = $744
Turbo Tax - Very simple return with only 2 W-2's No other deductions; taking standard deduction.
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