Trusts Part III: Deductions

Summary

This webinar is the third of four webinars focusing on trusts required to file Form 1041. This webinar discusses Form 1041 deductions in detail using examples for lines 10 through 21, and also completes Schedules A and B of Form 1041.

Objectives

Upon completion of this course, you will be able to:

  • Identify what expenses can be deducted on Form 1041 for a trust.
  • Identify deductions subject 2% of AGI limitation.
  • Differentiate between distributable net income (DNI), fiduciary accounting income (FAI) and income distribution deduction (IDD).
  • Calculate DNI, FAI and IDD for a trust.

Course Details

Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.




   

Presented by: Jaye Tritz, EA, CFP

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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