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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4152
Experience:  35 years tax experience, including four years at a Big 4 firm.
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MY MOMS TRUST EARNED 13K INCOME IN 2015 AND MY MOM DIED IN

Customer Question

MY MOMS TRUST EARNED 13K INCOME IN 2015 AND MY MOM DIED IN SEPT 2015. AFTER HER DEATH 17K WAS DISTRIBUTED TO QUALIFIED CHARITIES in OCTOBER 2015.
My Question: Can I deduct the 17k when I file the final trust 1041 as an offset against the 13k of income earned by the trust in the same year. If so what form would I need?
thanks,
Phil Z
Submitted: 9 months ago.
Category: Tax
Expert:  PDtax replied 9 months ago.

Hi from Just Answer. I'm PDtax. I'll assist.

The answer is you probably can, depending on the type of trust.

You can report on 1041, Schedule A, and allocate the deduction against income.

That would reduce the final income to distribute to income beneficiaries, or income tax at the trust level.

Thanks for asking at Just Answer. Positive feedback is appreciated. I'm PDtax.

Customer: replied 9 months ago.
the trust was a simple irrevocable family trust. I can't find form 1041 schedule A on the irs gov website
Expert:  PDtax replied 9 months ago.

On form 1041, line 13, our office software opens a worksheet for charitable deductions. Any amount you enter goes to page 2 of the 1041, Schedule A. Line 1 is the gross charitable deduction.

It isn't a separate form.

PDtax

Expert:  PDtax replied 9 months ago.

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I'm PDtax. Thanks.