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Can payoff of auto loan be deducted as part of estate/trust administration on form 1041?
We are filing form 1041 for an irrevocable trust the first year after the grantor passed away. We took election 645 and are filing on a fiscal year ending April 2019. We are using trust/estate income to pay all debts and conserve property before sale. One debt included an automobile loan, which we paid in full.
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‎June 3, 2019
5:36 PM