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Level 2
posted Feb 25, 2023 10:50:29 AM

Are investment advisory fees tax deductible on a 2022 Trust tax return Form 1041?

I cannot find a clear answer on this.  If they are deductible, where do I do this?  Perhaps under Expenses, Taxes and Fees, and then under the sub category Professional, Accounting and Tax Prep Fees?  Please know I am the Trustee of my own Trust.

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1 Best answer
Level 15
Feb 25, 2023 11:09:14 AM

3 Replies
Level 15
Feb 25, 2023 11:09:14 AM

Level 2
Feb 25, 2023 4:02:54 PM

Given my trust is a GST trust,  would your reply be the same?

Level 15
Feb 25, 2023 4:50:39 PM