2019 an investment of oil and gas royalty trust, in1099 MISC from stock broker ,royalty income$1500,deduct the administrative expenses$800,I got $700 actually. I know in turbotax, I can deduct the $800 as other expenses and 15% depletion.
but IRS publication 529 about "trust administration fees, you paid for managing your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible."
what should I do next? only deduct the 15% depletion in turbotax? need help
