It's really pretty simple. If this is the final return of the estate or trust, and there are excess deductions on termination that are non-miscellaneous itemized deductions reported to you as a beneficiary, you may deduct the excess deductions shown in box 11, code B, on the applicable line of Schedule A (Form 1040). Each excess deduction on termination of an estate or trust retains its separate character. If your percentage of the non-miscellaneous deductions you listed is 50%, then you would have a $10 interest deduction, a $15 Tax deduction, and a $15 Tax on Investment Property deduction. You enter these deductions in the Deductions & Credits section of TurboTax according to the nature of the deduction.
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