Catherine Posted September 17, 2009 Report Share 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 Link to comment Share on other sites More sharing options...
michaelmars Posted September 18, 2009 Report Share Posted September 18, 2009 fully deductible, not subject to 2%. Quote Link to comment Share on other sites More sharing options...
Catherine Posted September 18, 2009 Author Report Share Posted September 18, 2009 fully deductible, not subject to 2%. That was my thinking; thanks for the confirmation! Quote Link to comment Share on other sites More sharing options...
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