1041-US: Deduction elections (FAQ)

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What elections are available for claiming deductions?


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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