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Updated about 4 years ago on . Most recent reply

User Stats

25
Posts
1
Votes
Scott R.
  • Atlanta, GA
1
Votes |
25
Posts

Standard deduction for rental property income on 1041 Estate form

Scott R.
  • Atlanta, GA
Posted

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, 

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