You'll need to sign in or create an account to connect with an expert.
"As executrix of an estate, am I able to deduct my expenses?"
No, not unless you are a professional fiduciary (in which case you would have trade or business income and be able to write off expenses therefrom).
Otherwise, expenses incurred are obligations of the estate and can be deducted from estate income. You should, therefore, be reimbursed directly by the estate for your out-of-pocket expenses.
"As executrix of an estate, am I able to deduct my expenses?"
No, not unless you are a professional fiduciary (in which case you would have trade or business income and be able to write off expenses therefrom).
Otherwise, expenses incurred are obligations of the estate and can be deducted from estate income. You should, therefore, be reimbursed directly by the estate for your out-of-pocket expenses.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
muttlee14
New Member
damina-townes
New Member
gromitjs
Returning Member
derhoc
New Member
littletm09
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.