TAXMAN Posted April 21, 2020 Report Posted April 21, 2020 I think I missed something. Excess deductions on termination of Estate(form 1041) deductible on federal not subject to the old 2% but rather at 100%? I may need to go back and look at a couple K-1's. Quote
Sara EA Posted April 22, 2020 Report Posted April 22, 2020 When did this happen? A new Reg? Please offer a citation. I have a bunch that could really have used them. Quote
jklcpa Posted April 22, 2020 Report Posted April 22, 2020 10 minutes ago, Sara EA said: When did this happen? A new Reg? Please offer a citation. I have a bunch that could really have used them. No, I think TAXMAN is asking again because of how ATX is handling these deductions, and they are NOT listed as one of the acceptable deductions allowed at 100% on the Sch A. Please see one of our earlier topics of discussion from last month linked below on ATX's handling of this that still hasn't been addressed or corrected yet: Quote
TAXMAN Posted April 22, 2020 Author Report Posted April 22, 2020 AS usual you are correct in that ATX sent a change down yesterday stating VA Sch A corrected to send on EFILe when present. Thanks. I did not think this had gotten fixed yet. Quote
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