Detailed Answer
(a) The requirement is to determine the amount of
standard deduction for a trust or an estate in the fiduciary income
tax return (Form 1041). No standard deduction is available for a
trust or an estate on the fiduciary income tax return. On the
other hand, a personal exemption is allowed for an estate or trust
on the fiduciary income tax return. The personal exemption is
$600 for an estate, $300 for a trust required to distribute all income
currently, and $100 for all other trusts.