IRS provides final regulations on deductions for estates and non-grantor trusts, including excess deductions on termination
• The IRS issued final regulations that provide guidance for decedents’ estates and non-grantor trusts clarifying that certain deductions of such estates and non-grantor trusts are not miscellaneous itemized deductions.
• In addition to the article above, please see the “cover sheet” for Form 1041. A cover sheet precedes the form itself. See Form 1041 for 2019. The IRS is working on Form 1041 and instructions for 2020.