Support CenterHow do I claim Section 179 on a 1041 Grantor Trust return in SureFire?
According to IRS Form 1041 instructions, Section 179 is not allowed on 1041 returns.
Depreciation, Depletion, and Amortization
A trust or decedent's estate is allowed a deduction for depreciation, depletion, and amortization only to the extent the deductions aren't apportioned to the beneficiaries. An estate or trust isn't allowed to make an election under section 179 to expense depreciable business assets.
The estate's or trust's share of depreciation, depletion, and amortization is generally reported on the appropriate lines of Schedule C (or C-EZ), E, or F (Form 1040), the net income or loss from which is shown on lines 3, 5, or 6 of Form 1041. If the deduction isn't related to a specific business or activity, then report it on line 15a.
For more information, seeIRS Form 1041 Instructions.
Additional Information
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