- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@HRM wrote:
Thanks.. My thinking was that if the trust produced say $20K in investment income and the firm making the investments charges $4K to manage the investments, then the taxable profit would be $16K.
You might want to ask the firm managing the investments if they would charge the same $4k if the investments were held in an individual account rather than in a trust - or if the firm charges some sort of premium for managing an account that is in a trust (if so, that premium would be deductible).
‎February 16, 2020
10:07 AM