1041-US: Allocating excess deductions in the final year of the estate or trust (FAQ)

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.


How do I allocate excess deductions to beneficiaries in the final year of an estate or trust?


To allocate the excess deductions equally among all first-tier beneficiaries, enter X in the First tier beneficiaries: Allocate all items, except capital gains, equally field on Screen Allocate in the Allocation folder. Otherwise, enter each beneficiary's allocation of excess deductions in the Income distributions required percent field in the View > Beneficiary Information > Federal tab > Allocations group box.

Related topic: 1041-US: Beneficiary allocations FAQs

Share This