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How do you finalize and put an end to the Estate Tax process?
I am the executor for an estate, charge by the hour, and have no further assets to distribute. In 2021, I've spent 10 hours preparing "final" tax returns for 2020. I purchased TurboTax Business and a state return.
Can I account for those expenses on the 2020 return even though the expenses were incurred in 2021? If I have to file a return in 2022 to cover my 2021 expenses, I'll have to file a return in 2023 to cover 2022's expenses and on and on 🙂 .
What is the proper way to put an end to this process?
Thank you!
Frank
Topics:
‎February 13, 2021
7:31 AM