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    #1

    Estate tax

    I don't prepare estate taxes and I had someone ask me if the PA inheritance tax that was paid was deductible on the federal 1041. I wasn't sure - is it?

    Thank you....
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    #2
    See TTB 21-13. FORM 1041


    Taxes. Deductible taxes include state and local income tax (or sales tax if allowable), real and personal property taxes, including taxes owed by decedent at death and paid by the estate, and generation-skipping transfer (GST) tax on income distributions.

    Nondeductible taxes. Federal income tax, estate, gift and death taxes, federal duties and excise taxes are not deductible.


    also see:link below

    MISC estate & abusive tax avoidance transactions 2 | Internal Revenue Service
    https://www.irs.gov/faqs/other/misc-estate-abusive-tax-avoidance-transactions/misc-estate-abusive-tax-avoidance-transactions-2
    How do I deduct the administration expenses of my father's estate?
    Last edited by TAXNJ; 10-04-2021, 07:10 PM.
    Always cite your source for support to defend your opinion

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      #3
      Thank you for the info and the link!

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      This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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