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CTC
Level 3
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  • I've done plenty of 1041s but haven't done one with no income. It's being done because the losses are going to the beneficiaries, otherwise as was stated I woul...
    CTC
    1
    Mar 22, 2023
  • So, since there is no income then it doesn't go anywhere. Is that correct.Thanks
    CTC
    3
    Mar 22, 2023
  • Where are attorney and accounting fees deducted on a final 1041 estate return?Thanks!
    CTC
    5
    Mar 22, 2023
  • Also, the 1099-B says it’s Ordinary Income.I’ve added the ord income to basis, plus added it to income as previously described.
    CTC
    1
    Sep 30, 2022
  • Thanks for the information.I’ll have to call PTO to find out how to enter it as ordinary income.
    CTC
    6
    Sep 30, 2022
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