Deductions for state taxes on Trust? is this the State tax paid for 2014?

georgia-elliott7 · ‎June 5, 2019

On IRS tax return 1041, state taxes are deductible. Is this the total amount of state taxes for 2014 that is deductible?

ScruffyCurmudgeon · ‎June 5, 2019

You are allowed to deduct State Income taxes on your Federal Form 1041 for the Trust in the year in which those tax payments were made. Unless you are filing a "fiscal year" return that included some portion of 2014, your filing now for 2015 cannot include payments made in 2014.

Note that any state-level Estate or Inheritance taxes are not deductible on Federal Income tax filing.

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