Forums Support Library RPA – Retirement Plan Analyzer Section 691(c) Deduction


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    • Kathleen Reynolds
      Post count: 428

      Beneficiaries who receive distributions as income after the death of the plan owner or the second-to-die may claim an itemized deduction for estate taxes that are attributable to the distributions. This deduction is known as the Section 691(c) Deduction. Simply put, the Section 691(c) Deduction is the amount of estate tax that must be paid on the Retirement Plan.

      The program can apply the Section 691(c) Deduction one of two ways:

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