Allocate excess deductions in final year of estate or trust

To allocate the excess deductions equally among all first-tier beneficiaries:

Go to the

Allocate

screen in the Allocation
folder.

Mark the First-tier beneficiaries: Allocate all items, except capital gains, equally
checkbox.

To enter each beneficiary's allocation of excess deductions:

Select View
, then Beneficiary Information
.

Select the Federal
tab.

Enter each allocation in Income distributions required percent
.

tip

If you don't want to allocate any deductions in the final year, go to the

Allocate

screen in the Allocation
folder and mark the Allocate no income or excess deductions to beneficiaries on final return
checkbox.

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