Trenton, NJ asked in Tax Law for New Jersey

Q: Can i deduct realty property taxes accrued after death as an administration expense on 706 ?

Related Topics:
2 Lawyer Answers
Rodney John Alberto
Rodney John Alberto
Answered
  • Forked River, NJ
  • Licensed in New Jersey

A: I'm not sure what you form you are referring to, but it is very likely that you can. I would double-check your firm with an attorney or accountant, prior to submission. Rodney Alberto, Esq. www.albertobrothers.com, 732-200-0779

Jeff Vandrew Jr
Jeff Vandrew Jr
Answered
  • Tax Law Lawyer
  • Red Bank, NJ
  • Licensed in New Jersey

A: The general answer is no. Those expenses would instead be deductible on Form 1041 when the Estate files its income tax return. -Jeff Vandrew Jr, Attorney-CPA, http://www.vandrew.com, See Disclaimer: http://j.mp/lUJeMg

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.