Are investment management fees deductible on form 1041, like on line 15a Other Deductions?

[user98693]

Question relates to tax year 2018

[DDollar · Accepted solution]

No. The TCJA suspended the deduction for miscellaneous itemized deductions for individuals until 2025. Tax rules for estates and trusts say that fiduciary tax laws follow individual tax law, unless they are explicitly exempted. Therefore, estates and trusts can no longer deduct investment advisor fees either.