Catherine Posted September 17, 2009 Report Posted September 17, 2009 Client sold some rental property (in a trust) in 2007, but paid some residual bills (snow removal and utilities) in 2008. Take expenses on Schedule E as the only items on the E, or front page of 1041 (subject to 2% floor)? I can make a case either way, but can't find guidance. By posting here, I will now find the guidance when looking for something completely different. Thanks! Catherine Quote
michaelmars Posted September 18, 2009 Report Posted September 18, 2009 fully deductible, not subject to 2%. Quote
Catherine Posted September 18, 2009 Author Report Posted September 18, 2009 fully deductible, not subject to 2%. That was my thinking; thanks for the confirmation! Quote
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