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I received the state's final informal administration, which had the receipts on one side, and the disbursements on the other side, which equaled. The proposed distribution of the estate was 11,000 less than Asset on Hand.
The Personal Rep, took 6500 and the attorney took 4500. It appears these fees were not on the 1041, right? Can I deduct those fees on my 1040SR? Also on the 2K-1 given, there was no income Fed or state, but State Local Taxes were listed as a adjustment, positive number, so I assume I have to add that to my income, right?
No taxes reported on the K-1. Thanks in advance.
March 10, 2020
12:40 PM