A bill becomes law if signed by the President or if not signed within 10 days and Congress is in session. If Congress adjourns before the 10 days and the President has not signed the bill then it does not become law (Pocket Veto.)
Amounts paid. or reasonably expected to be paid during estate administration are deductible on Form 706; or, executor can elect to. claim some administration expenses on Form 1041 when paid. On Form 1041, expense is subject to 2% adjusted gross.
Non-grantor trusts and estates may deduct certain miscellaneous itemized deductions only to the extent they exceed 2%. of adjusted gross income. The stakes are high: If an expense is subject to the 2% floor, the benefit of the deduction will be. reduced or eliminated entirely, resulting in a higher income tax bill. Determining which expenses are subject to the 2%. floor, therefore, is critically important.