TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 3

Solved

form 1041 - deductions - where do i enter?

3 replies
44 views

don't have TT business - trying to prepare final estate 1041 for my dad's estate - where do i enter lawyer's fees, funeral expenses and broker's fees for sale of house to off set miniscule income of estate.

Anonymous_Answer

Level 15

The routine type of deductions are mostly self-explanatory (see screenshot).

However, funeral expenses are simply not deductible on Form 1041 and broker's fees incurred in the sale of a house would be deducted when you enter the transaction on Form 8949.

Frankly, even the least complex 1041 return can be challenging for anyone who is not familiar with accounting procedures, applicable tax law and regulations, and the forms and schedules involved, so professional guidance is recommended in most cases and tax preparation software is almost indispensable.

Anonymous_Answer

Level 15

The routine type of deductions are mostly self-explanatory (see screenshot).

However, funeral expenses are simply not deductible on Form 1041 and broker's fees incurred in the sale of a house would be deducted when you enter the transaction on Form 8949.

Frankly, even the least complex 1041 return can be challenging for anyone who is not familiar with accounting procedures, applicable tax law and regulations, and the forms and schedules involved, so professional guidance is recommended in most cases and tax preparation software is almost indispensable.

moviemike3Author

Level 3

i think you are right

time to call my plumber - who is an accountant from January to May

then he fixes my pipes afterwards

moviemike3Author

Level 3

my plumber did a great job. thanks for your help. I would never have been able to figure this out just looking at all the forms he sent back to me