1041-US: Allocating no excess deductions to beneficiaries in the final year of an estate or trust (FAQ)

Alerts and notices

Question

How do I not allocate excess deductions to beneficiaries in the final year of an estate or trust?

Answer

To not allocate the excess deductions to any beneficiary in the final year, enter X in the Allocate no income or excess deductions to beneficiaries on final return field on Screen Allocate in the Allocation folder.

Related topic: 1041-US: Beneficiary allocations FAQs