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Updated about 4 years ago on . Most recent reply
Standard deduction for rental property income on 1041 Estate form
You would think this would be obvious, but on an estate filing (1041) the only Standard Deduction mentioned is for a bankruptcy estate at $12.2K. I don't want to go through all the bullsh!t of itemizing deductions when the estate will owe nothing regardless, assuming there is a standard deduction for an estate for over $7K. Please help. Thx,