I am the fiduciary of an irrevocable trust. There were attorney fees incurred in 2023 to defend the trust and its beneficiaries. Are these fees deductible?
01230
1 Replies
Anonymous_
Level 15
Jan 2, 2024 3:56:57 PM
Yes, deductible with the assumption that the fees were paid by the trust and incurred in relation to the trust.