{"abstract":"This document contains proposed regulations clarifying that the following deductions allowed to an estate or non-grantor trust are not miscellaneous itemized deductions: Costs paid or incurred in connection with the administration of an estate or non-grantor trust that would not have been incurred if the property were not held in the estate or trust, the personal exemption of an estate or non-grantor trust, the distribution deduction for trusts distributing current income, and the distribution deduction for estates and trusts accumulating income. Therefore, these deductions are not affected by the suspension of the deductibility of miscellaneous itemized deductions for taxable years beginning after December 31, 2017, and before January 1, 2026. The proposed regulations also provide guidance on determining the character, amount, and allocation of deductions in excess of gross income succeeded to by a beneficiary on the termination of an estate or non-grantor trust. These proposed regulations affect estates, non-grantor trusts (including the S portion of an electing small business trust), and their beneficiaries.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/05/11/2020-09801.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"85 FR 27693","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0007-0001","comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by June 25, 2020.","disposition_notes":null,"docket_ids":["REG-113295-18"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":9,"comment_start_date":"2020-05-11","updated_at":"2024-11-13T13:23:22.141-05:00","comment_url":"https://www.regulations.gov/commenton/IRS-2020-0007-0001","allow_late_comments":true,"id":"IRS-2020-0007-0001","comment_end_date":"2020-06-26","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"IRS-2020-0007","title":"Effect of Section 67(g) on Trusts and Estates (REG-113295-18)"}],"document_number":"2020-09801","effective_on":null,"end_page":27698,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/05/11/2020-09801.xml","html_url":"https://www.federalregister.gov/documents/2020/05/11/2020-09801/effect-of-section-67g-on-trusts-and-estates","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-09801?publication_date=2020-05-11","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-05-11/2020-09801/mods.xml","not_received_for_publication":null,"page_length":6,"page_views":{"count":34111,"last_updated":"2026-06-24 14:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-05-11/pdf/2020-09801.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-09801.pdf?1588882534","publication_date":"2020-05-11","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/05/11/2020-09801.txt","regulation_id_number_info":{"1545-BO87":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/1545-BO87/effect-of-section-67-g-on-trusts-and-estates","title":"Effect of Section 67(g) on Trusts and Estates","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=1545-BO87&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BO87"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BO87/effect-of-section-67-g-on-trusts-and-estates","title":"Effect of Section 67(g) on Trusts and Estates"},"comments_count":9,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2020-0007","supporting_documents_count":0,"docket_id":"IRS-2020-0007","document_id":"IRS-2020-0007-0001","regulation_id_number":"1545-BO87","title":"Effect of Section 67(g) on Trusts and Estates (REG-113295-18)","checked_regulationsdotgov_at":"2024-11-13T22:55:09Z"},"regulations_dot_gov_url":"https://www.regulations.gov/commenton/IRS-2020-0007-0001","significant":false,"signing_date":null,"start_page":27693,"subtype":null,"title":"Effect of Section 67(g) on Trusts and Estates","toc_doc":null,"toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":85}