IRS provides final regulations on deductions for estates and non-grantor trusts

IRS provides final regulations on deductions for estates and non-grantor trusts, including excess deductions on termination  https://www.irs.gov/newsroom/irs-prov https://accountinginstruction.info/ The Internal Revenue Service today issued final regulations PDF that provide guidance for decedents' estates and non-grantor trusts clarifying that certain deductions of such estates and non-grantor trusts are not miscellaneous itemized deductions.  The Tax Cuts and Jobs Acts (TCJA) prohibits individuals, estates, and non-grantor trusts from claiming miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026.