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Estate and Trust

Let Ludwig & Associates, Ltd. help you navigate the complexities of the tax code regarding estate and trust.


  • Income of Deceased^
  • (Reported under the Social Security Number or EIN Number)
  • Interest and Dividends (1099-INT & 1099-DIV)
  • Savings Bonds (Interest to date of death, Interest after date of death if cashed)
  • Stock Sales/Mutual Fund Sales (1099-B)
  • Business Income
  • Rental Income
  • Annuities (1099-R)
  • IRA Distributions (1099-R)
  • Tax Free/Municipal Bond Interest (Reportable, no Federal Tax will be on year-end statement)
  • ^Income needs to be divided into Pre-death and post-death income if first year of trust or estate.

Sale of House

  • Closing Statement-Sale of House
  • Other expenses of sale
  • Date of Death Value of House (alternative valuation date if elected)
  • Listing of expenses to maintain house after date of death
  • Listing of capital improvements to house after date of death
  • Stock Sale
  • Mutual Fund Sale
  • Redemption of
  • Tax Free Bonds

Treasury Notes/Bills

  • Date of Death Value (alternative valuation date if elected)
  • History after death-stock splits, dividend reinvestments, etc.
  • Sale settlement sheet
  • Year-end settlement (1099-B)


  • Attorney fees
  • Accounting fees
  • Executor fees
  • Taxes paid
  1. Real estate taxes (if home in trust or Estate)
  2. Prior year trust or estate income taxes
  3. Trust or estate estimated tax paid, if any. 
  • Charitable contributions from estate or trust
  • Home expenses (if home in estate or trust)
  1. Utilities
  2. Repairs
  3. Home maintenance (e.g. lawn care)
  • Asset fees-brokerage account fees
  • Other expenses that may be deductible