2017 ULTRATAX CS- Alerts and notices
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The following includes answers to common questions about expense allocation.
What methods are available for allocating indirect expenses?
How are expenses allocated to the different income types?
How are expenses allocated to tax-exempt income?
Why are expenses allocated proportionally lower to other income?
Why are expenses allocated proportionally higher to some income types?
How do I allocate expenses to capital gains?
What elections are available for claiming deductions?
Where do I enter the early withdrawal penalty for trust returns?
Related topic: 1041 frequently asked questions