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Complex Trust Fees

 

 Can you deduct management Fees as a expense on a Complex Trust 

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3 Replies
M-MTax
Level 12

Complex Trust Fees

Nope, not if they're like investment management fees

AnnetteB6
Expert Alumni

Complex Trust Fees

If you are asking whether the fees can be deducted on the tax return filed by the trust, then the answer is yes.  

 

If you are asking whether the fees can be deducted on your personal tax return, then the answer is no.

 

@Crusader 

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M-MTax
Level 12

Complex Trust Fees

If the fee can't be deducted on a personal tax return it doesn't become deductible because the fee is charged to a trust. There are regulations that prevent this.

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