answersLogoWhite

0

they are not a deductable amount.

You can claim expenses as an executor against the estate funds. However, if you do claim executor expenses against the amount of the estate they are taxed as income for the person claiming them.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Is funeral expenses tax deductible?

NO. Funeral expenses are NOT deductible on the individual 1040 income tax return.


Is paying back relocation expenses tax deductible?

Paying back relocation expenses is not tax deductible for individuals.


Are child care expenses tax deductible?

Yes, child care expenses can be tax deductible under certain conditions.


Are day care expenses tax deductible?

Yes, day care expenses can be tax deductible under certain conditions.


Are funeral expenses deductible?

funeral expenses are not deductible on an individuals tax return as they are not medical expenses. However, if and individual has an estate, then the costs are deductible on their estate tax return (form 1041).


Is business travel tax deductible?

Yes, business travel expenses are generally tax deductible if they are necessary and ordinary expenses related to your business.


Are nursing home expenses tax deductible?

Yes, nursing home expenses are considered to be tax deductible. However, the person deducting these expenses on their tax return must have receipt proof of the items bought.


Are dry cleaning expenses tax deductible?

Yes, dry cleaning expenses are tax deductible. If you don't know where to put it on your taxes, ask an accountant.


Which college expenses are tax deductible?

There are a few college expenses that are tax deductible. Tuition up to $4,000 can be deducted. Speak with an accountant for more details.


Are concierge fees tax deductible?

Concierge fees are generally not tax deductible as they are considered personal expenses.


Are expenses related to learning disabilities tax deductible?

No they are not deductible in most cases.


What child expenses are tax deductible?

Child expenses that are tax deductible typically include childcare costs, medical expenses, and education expenses such as tuition and fees. Additionally, some tax credits may be available for expenses related to adoption or dependent care.