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Deductions on a Trust 1041 K-1
When a Trust which Inherits an IRA distributes this income to Beneficiaries via a K-1 can expenses such as Funeral costs for my late father, accountant fees, lawyer fees, and other expenses be passed on as deductions on the K-1 to the 3 Beneficiaries to offset the Inherited IRA income? Probably not 😔
‎February 7, 2025
1:28 AM