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On a 1041 is there a way to opt out of taking the state tax deduction and thereby not having the refund come back as income the following year?
I would like to close the trust out in 2016 instead of keeping it open for another year just for the refund income (and that flow to the beneficiaries).
Is there a way to choose to use the standard deduction instead of itemize on the 1041 and this would automatically mean the refund would not be deemed income the following year?
Thank you in advance for your input on this.