Tax Exempt AllocationsFigure 3.11.14-39 shows an example of editing Tax Exempt Allocations as shown in the text. Pictured is a folded Form 1041 showing the deduction section: Line 14 original entry is 461 dollars, line 15a is negative 120 dollars. To the left of the entry shows notation Tax Exempt Income. Line 14 was reduced to 341 dollars and line 15a entry was X out. Pictured also is page 2, Other Information showing Line 1 Did the estate or trust receive tax exempt income check box is marked Yes. Lines 2 through 9 boxes are marked No.