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Level 2
April 18, 2020
Solved

trustee fees

  • April 18, 2020
  • 1 reply
  • 36 views

Is travel, motel, car rental, food, burial expense a deductible as trustee fees 

    Best answer by Anonymous_

    Trustee (fiduciary) fees are deductible by the trust and taxable to the trustee. Obviously, the fees must be allowed to be paid from the trust in the first instance.

     

    However, funeral expenses cannot be deducted on Form 1041.

    1 reply

    Level 15
    April 18, 2020

    Trustee (fiduciary) fees are deductible by the trust and taxable to the trustee. Obviously, the fees must be allowed to be paid from the trust in the first instance.

     

    However, funeral expenses cannot be deducted on Form 1041.