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Trustee Fee Deduction for a irrevocable grantor trust(IDGT)
Fiduciary fee (professional trustee fee) are deductible for Non Grantor Trusts under section 67(e), correct?
What happens if the trust is a grantor trust- Can the professional trustee fee still be deducted? If so, I don't see it under miscellaneous deductions on turbotax. Must I itemize to get this deduction? Is there a certain amount it needs to exceed for one to get the deduction?
Thank you!
May 27, 2022
8:28 PM