Have similar situation as "Negative Accounting income on final trust return" with K-1's showing different amounts on line 14 of Federal (1041) and State/CA (541...
Thank you for your response!Concerning 3) just curious what is the reason for reporting no loss? Expenses were incurred including insurance from DOD to sale dat...
4) For questions #4 Kay P referred me tohttps://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-the-costs-incurred-by-the-trust-to-take-care-of-...
3) A very nice lady "Kay P" at Turbo Tax Support explained in detail how to enter the sale of the 4 vehicles so that they showed up under the correct Form 8949 ...
2) Not deductible per IRShttps://www.irs.gov/publications/p559#en_US_2022_publink100099741Funeral and Medical ExpensesNo deduction can be taken for funeral expe...