Where to deduct brokerage management fee on 1041 trust

[RO664]

I am filling out a 1041 for a trust for a deceased relative (using TT Business).  All assets were held at an investment firm who charged a fee for assets under management. Where would I deduct this fee charged by the investment firm?

[M-MTax · Accepted solution]

You can't deduct that fee because it's the same fee that would be paid by an individual and it's a miscellaneous itemized deduction which was eliminated by tax reform.