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Level 2
March 2, 2024
Question

Are non-cash contributions deductible on an estate income tax return?

  • March 2, 2024
  • 2 replies
  • 7 views
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    2 replies

    sjrcpa
    Level 15
    March 2, 2024

    Does the will specifically provide for the donation?

    The more I know the more I don’t know.
    salsteve1Author
    Level 2
    March 2, 2024

    No.

    sjrcpa
    Level 15
    March 2, 2024

    Then no deduction on the 1041.

    The more I know the more I don’t know.
    Level 4
    March 8, 2024

    if the non-cash items are left to beneficiaries, why not have them take the deductions on their personal returns?