1041-US: Deduction elections (FAQ)

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Question

What elections are available for claiming deductions?

Answer

If you are claiming deductions on both Form 706 and 1041 or waiving the right to claim expenses on Form 706, enter a code in the Election column in the statement dialogs on Screen Deduct in the Deductions folder to generate one of the following elections. 

Code Elections
B Deductions for Estate Administration Expenses
T Waive the Right to Claim Expenses on Form 706

Note: All of the deductions with the same code will be listed in the applicable election.

Related topic: 1041-US: Expense allocations FAQs

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