That goes on line 16 Other Deductions. To enter in TurboTax:
- Go to Federal
- Deductions and Credits >>Deductions and Credits Summary
- Scroll down to "Other Deductions and Credits"
- Click on Start next to "Other Deductible Expenses"
- On the screen with "Did you have any of these other expenses? If you're itemizing deductions...."
- Answer "yes"
- Enter the amount of you "Excess deductions on termination..." in the box for "Estate tax deduction not reported on an estate K-1"
It's not a perfect fit, but TurboTax doesn't provide an entry for the specific deduction you have, but they both go on line 16 of Schedule A. Also, if you are not itemizing, this is a moot point as this deduction won't impact your tax return.
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