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D
DL85_2
Level 2
March 14, 2019

Trust return expenses

  • March 14, 2019
  • 1 reply
  • 13 views

I am confused about whether we can fully or partially deduct tax prep fees and investment management fees in a trust.  Can anyone clarify please.

 

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1 reply

R
Rosy
Level 2
March 14, 2019

You can't deduct them on page 1, as far as I can tell, but my question is can you

deduct them on the 8960, so as to minimize the net investment tax in a trust.

D
DL85_2Author
Level 2
March 14, 2019

Thank you.  Notice 2018-61 says otherwise and refers us to and 1.67-4 provides more guidance and some examples where they might be.  I was looking for some more clarification. 

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