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Trusts and estates are permitted certain deductions

by Upstate Tax Professionals | May 8, 2020 | Tax Tips and News

IRS Tax News – Trusts and estates are permitted certain deductions
The IRS issued proposed regulations to clarify that certain deductions are allowed to an estate or nongrantor trust because they are not miscellaneous itemized deductions.
Source: IRS Tax News – Trusts and estates are permitted certain deductions

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