I need help, I'm using the trust business software and nowhere I see where I can enter all the expenses paid by the trust to fix up the house and paid utilities and previous taxes paid.
That money came from the trustee so they were compensated once the property sold. But under the deductions there is no category to enter those amounts. under other deduction it talks about
elections, amortization of bond premiums, early withdrawal penalty
Depreciation and amortization allocable to the estate or trust that was not deducted elsewhere
- Repayments of certain amounts included in your income in an earlier year if the repayment was more than $3,000.
do I take from this that it goes here?
