Schedule k-1 (Form 1041), Part III, Box 11A

[JS10013]

There is an amount in Schedule k-1 (Form 1041), Part III, Box 11A. I do not have any Carryovers from my 2018 tax, which were the only questions for this when inputting via TurboTax Premier. The amount in the box has no effect on my tax.  A relative, who is an account and is a recipient from the estate of the same relative, believes there is a change that will take effect in October 2020 that may cause the amount in 11A to reduce my tax so I should consider getting an extension for filing my return.  Is there any information about any coming changes that might be applicable?    Thanks.  

[Anonymous_ · Accepted solution]

Generally, those deductions (Box 11A) were considered miscellaneous itemized deductions which were eliminated by tax reform (the TCJA). 

However, there are proposed regulations which change the treatment of 11A deductions so that beneficiaries may take advantage of the deductions in certain instances (refer to the link below for more information).

https://www.currentfederaltaxdevelopments.com/blog/2020/5/8/proposed-regulations-upon-which-taxpayer...