I am administrator for my Aunt’s estate. I paid all legal fees from my bank account, can my Aunt 1041 deduct those fees?
You'll need to sign in or create an account to connect with an expert.
@stech wrote:
I am administrator for my Aunt’s estate. I paid all legal fees from my bank account, can my Aunt 1041 deduct those fees?
The fees were not paid by the estate so, technically, the estate cannot deduct them as expenses (close call since you are the administrator).
You might want to have the estate reimburse you for all of the legal fees you paid and then the estate could deduct those fees as legal expenses.
@stech wrote:
I am administrator for my Aunt’s estate. I paid all legal fees from my bank account, can my Aunt 1041 deduct those fees?
The fees were not paid by the estate so, technically, the estate cannot deduct them as expenses (close call since you are the administrator).
You might want to have the estate reimburse you for all of the legal fees you paid and then the estate could deduct those fees as legal expenses.
That’s what I was thinking. If I could just make withdrawal from estate account as reimbursement to me. That might be work. But I think estate account doesn’t have anything since all funds were distributed out.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
yaredcastro
New Member
sdn1
Level 1
ashna
New Member
sac428
Level 1
ThaTea
New Member
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.