19-Nov-21
Final Regulations on Trust and Estate Deductions
Take-Away: The IRS a year ago issued Final Regulations, effective October 18, 2020, which confirm that income tax deductions allowed for some costs that are incurred in the administration of a trust or an estate will continue to be tax deductible, notwithstanding the suspension of miscellaneous itemized deductions under the 2017 Tax Act. The Final […]
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