1041 Estate Other Deductions

[RaiseMyHand_01]

An estate home was kept for 6 plus years and sold in 2022 in the Estate name.  Is any part of the mortgage and utility expenses deductible?

[Anonymous_]

See https://www.law.cornell.edu/cfr/text/26/1.67-4

Although mortgage interest would be deductible, you need to use the guidelines set forth in the Regulation for other typical expenses of ownership.

[RobertB4444]

Any expenses paid by the estate are deductible to the estate, yes.  If the estate was paying utilities and mortgage interest for all six of those years then it should have been filing a tax return to claim those deductions for all six years.  For 2022 you can deduct any mortgage interest and utilities paid by the estate during the 2022 calendar year.

@RaiseMyHand_01 

[Anonymous_]

@RaiseMyHand_01 

Follow Section 1.67-4(a)(1)(i) of the Regulations:

In general. An estate or trust.........must compute its adjusted gross income in the same manner as an individual, except that the following deductions (section 67(e) deductions) are allowed in arriving at adjusted gross income:

(A) Costs that are paid or incurred in connection with the administration of the estate or trust that would not have been incurred if the property were not held in such estate or trust........

See https://www.law.cornell.edu/cfr/text/26/1.67-4