1041 fiduciary deductions

when it comes to listing fiduciary deductions on the 1041, can it be a combination of fees from the administrator's fees (I paid for the bond), and the attorneys fees (he paid court filing fee and publication)....and

do I have to reimburse the attorney before I claim his fees....

574

1 Best answer

Level 12

Mar 31, 2025 4:03:49 PM

Deduct in the year in which the fee for the bond was paid.

Level 12

Mar 28, 2025 6:49:49 AM

Presumably this is an estate and, as such, the estate can deduct administrative costs and fees that it actually pays in the tax year for which it is filing.

Level 2

Mar 31, 2025 9:42:24 AM

for example, the bond for probate was required of the court in oct 2024, but I did not actually pay the bill until jan 2025....which year should I deduct it off my taxes....

Level 12

Mar 31, 2025 4:03:49 PM

Deduct in the year in which the fee for the bond was paid.

Why sign in to the Community?

1041 fiduciary deductions