in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
2977768
I am completing a fiduciary tax return form 1041 for an irrevocable trust. How do I get TurboTax to do the allocation of expenses between taxable and non-taxable income? Is there a box I need to click?
You'll need to sign in or create an account to connect with an expert.
The program can allocate almost all typical expenses between taxable and non-taxable income. Simply enter the figures in the appropriate boxes.
The program can allocate almost all typical expenses between taxable and non-taxable income. Simply enter the figures in the appropriate boxes.
Thank you tagteam. That is very helpful. Is it okay to put the state tax deduction there? I am trying to allocate my state tax deduction.
Yes.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Al2531
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
tabztinbarn
New Member
john14verse6
Level 1
cher52
Level 2
myttrwp06
New Member