Handling miscellaneous expenses in a T3 return
My wife and I will be filing a T3 return for a trust, and we are unsure how or whether miscellaneous expenses ought to be reported. The trust has a bank account associated with it that is used to distribute funds to the beneficiary. The account has monthly fees associated with it, and I'm unsure how to account for them in the T3. They are clearly not "Carrying charges and interest expenses," as they are not incurred to generate income or to manage investments. Should they be considered "Trustee fees," because they are needed for the management of the trust? Or perhaps they should be accounted for under "Value of other benefits to a beneficiary," since they are being incurred as part of the process of covering personal and living expenses to the beneficiary.
Any thoughts?
