royalty income and administrative expenses

[Jeff95]

2019 an investment of oil and gas royalty trust, in1099 MISC  from stock broker ,royalty income$1500,deduct the administrative expenses$800,I got $700 actually.  I know in turbotax, I can deduct the $800 as other expenses and 15% depletion.

but IRS publication 529 about "trust administration fees, you paid for managing your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible."

what should I do next? only deduct the 15% depletion in turbotax? need help

[Anonymous · Accepted solution]

from IRS Schedule E instructions

General Instructions for
Lines 5 Through 21
Enter your rental and royalty expenses
for each property in the appropriate column. You can deduct all ordinary and
necessary expenses, such as taxes, interest, repairs, insurance, management fees,
agents' commissions, and depreciation. 
Do not deduct the value of your own
labor or amounts paid for capital investments or capital improvements.
Enter your total expenses for mortgage interest (line 12), depreciation expenses and depletion (line 18), and total expenses (line 20) on lines 23c through 23e, respectively, even if you have only one property.

these admin expenses to earn royalty income are deductible. on schedule E.  (pub 529 reference is to items that would have been deductible on Schedule A - itemized deductions) 

[Jeff95]

very nice of you, thanks for you help!