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Posted by George on March 24, 2008, 8:16 am
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>I am executor for my mother's estate (total value ~$400K). The year
>before she died, she gave one of my brothers some property (value
>~$50K). She did not file a gift tax return (form 709). On our probate
>attorney's advice, I filed this. To do so, I had to get the property
>appraised.
>
>Is the cost of that appraisal deductible on (line 15b?) of the 1041? To
>be clear, the property was never "held by the estate".
The IRS says it is deductible, on line 15b.
George
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