@Randman wrote:
Such as Court costs, Personal Representative's Bond, etc. Can I include these in the "Professional, accounting, and tax prep fees" section under Deductions?
Yes, those expenses would be deductible by the estate since they would not have been incurred by a hypothetical individual.
@Randman wrote:
And, I'm also not seeing much guidance on what to do with "Taxable income only" versus "Tax-exempt income only".
You simply need to allocate the expenses between taxable income and tax-exempt income. For example, if you had $50 in expenses, $100 in taxable income, and $100 in tax-exempt income, you would allocate $25 of the expenses to taxable income and $25 in expenses to tax-exempt income.
