Doing a initial and final 1041. There are post death expenses for the maintenance of a condo like electricity, insurance, condo fees. The estate had no income. When I put these expenses on 1041 line 15a they flow though to the beneficiary as .K-1 line 11 B deductions. These are then to be treated as miscellaneous itemized deductions and therefore not deductible. That made me think that maybe I should not have listed them in the first place. When I have an estate that pays investment fees to a brokerage I don't list those. What do you think?
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You really should check out how the residence is titled, if there was a will or other legal document that determines WHO OWNS the house upon death of owner.
That determines IF these expenses you are describing are considered maintenance expenses for an asset the estate owns.Uncle Sam, CPA, EA. ARA, NTPI Fellow
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