Executors Fees Deductible on Form 1041

[Burke]

What was the latest decision from IRS regarding deductibility of executors' fees on 1041? I have a Form 1041 prepared by someone else where they were not deducted on Line 12.

[TAXNJ]

See link for information:

https://www.irs.gov/faqs/other/misc-...transactions-2

also,

Are executor fees deductible?
Executors are responsible for filing an income tax return for the estate to report any income from probate assets. Attorney fees and executor fees are deductible on the estate income tax return. Any net income or excess deduction is distributed proportionally to the beneficiaries on a Schedule K-1 tax form.
What Executors Should Know — Legal and Tax Issues of Executors Fees Deductible on Form

source: https://www.niehauslaw.com/articles-...ues-of-estates

also see 7 & 8 paragraphs:

https://www.realized1031.com/blog/are-executor-fees-deductible-on-form-1041

[Burke]

Thank you for the IRS link. I can open it and print it, but don't seem to be able to save it. Is there a trick to that?

[TAXNJ]

Thank you for the IRS link. I can open it and print it, but don't seem to be able to save it. Is there a trick to that?

At the bottom right of the page after opening the “link, there are two boxes, one is “SHARE” and the second box is “PRINT”.

Either save as a “.pdf” or select “prnt to microsoft pdf” if using Microsoft Windows