Enter an election code to claim deductions

Follow these steps to enter an election code for claiming deductions.

Go to the

Deduct

screen in the Deductions
folder.

Enter 1 of the following election codes in the Election
column:

If you're claiming deductions on both Form 706 and 1041, enter code B
to generate the Deductions for Estate Administration Expenses election.

To waive the right to claim expenses on Form 706, enter code T
to generate the Waive the Right to Claim Expenses on Form 706 election.

UltraTax CS will list all deductions with the same election code in the election.