topic 1041 Trust Line 15a Deductions in Retirement tax questions

1041 Trust Line 15a Deductions

deltabob — Mon, 23 Feb 2026 14:17:13 GMT

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?

Re: 1041 Trust Line 15a Deductions

Anonymous_ — Sun, 22 Dec 2024 23:49:45 GMT

Re: 1041 Trust Line 15a Deductions

deltabob — Thu, 23 Mar 2023 19:12:11 GMT

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.

Re: 1041 Trust Line 15a Deductions

Anonymous_ — Sun, 22 Dec 2024 23:50:03 GMT