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deltabob
New Member

1041 Trust Line 15a Deductions

I understand any deductions must be other than occurring by normal owner of a property.  However, owner is deceased and Trust liquidates asset through a sale.  Can realtor commissions at closing and painting of interior to prepare property for highest and best price be considered in 15a on form 1041?

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1041 Trust Line 15a Deductions

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1041 Trust Line 15a Deductions

 
deltabob
New Member

1041 Trust Line 15a Deductions

Thanks.  Makes sense.  Since I am the Trustee, would you mind directing me to the form I need to use in this instance.  Death in Oct 2021 and sale of home in June 2022.  I do have the 1099-S for the Proceeds from Real Estate Transactions.  Since this 1041 is the final trust document,  want to make sure I know where the sale of the home and any deductions is reported.

1041 Trust Line 15a Deductions

 

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