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Self employed
It depends upon the exact nature of the services provided to the trust.
However, trustee fees would not be incurred by an individual in the absence of a trust (i.e., they are exclusive to trusts) so that expense would be deductible.
Advisory fees and attorney fees might be deductible, in whole or in part, depending upon whether the charges were made as a result of the property being held in trust. If an individual would have incurred those expenses, they would not be deductible.
Note that some of these expenses might not be deductible on a personal income tax return (1040) as a result of tax reform (the TCJA) which essentially eliminated miscellaneous itemized deductions.
March 7, 2022
9:01 AM
2,732 Views