TAXMAN Posted April 21, 2020 Report Share 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 Link to comment Share on other sites More sharing options...
Sara EA Posted April 22, 2020 Report Share 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 Link to comment Share on other sites More sharing options...
jklcpa Posted April 22, 2020 Report Share 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 Link to comment Share on other sites More sharing options...
TAXMAN Posted April 22, 2020 Author Report Share 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 Link to comment Share on other sites More sharing options...
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