I filed a 706 in March 2014. I paid $550,000 in estate taxes. The Trust contained a property that took 3 years to sell. It sold for $800,000 less than the DOD appraisal and cost an additional $700,000 in property taxes and property mantenance.
I can provide plenty more details but my main question is "Can I amend my form 706 to deduct some or all of these additional expenses?"
I'd much rather distribute some recovered 706 estate taxes instead of distributing capital gains losses through the 1041s.
Thanks in advance
I can provide plenty more details but my main question is "Can I amend my form 706 to deduct some or all of these additional expenses?"
I'd much rather distribute some recovered 706 estate taxes instead of distributing capital gains losses through the 1041s.
Thanks in advance
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