No, unfortunately. The interest is fully taxable but the trust fees, or trustee fees, are what used to be considered an "other itemized deduction" and are no longer deductible. My suggestion is to keep a record of all trust fees charged over the period of the trust and when the trust is dissolved, if there is a gain attached to the dissolution, add the trust fees not deducted to your basis as a beneficiary through a basis adjustment on Schedule D or whatever other form may be involved.
@randy2
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