Skip to main content
Level 2
Apr 18, 2020 1:40 PM UTC
Solved

trustee fees

Is travel, motel, car rental, food, burial expense a deductible as trustee fees 

    Level 15
    Apr 18, 2020 2:17 PM UTC

    Trustee (fiduciary) fees are deductible by the trust and taxable to the trustee. Obviously, the fees must be allowed to be paid from the trust in the first instance.

     

    However, funeral expenses cannot be deducted on Form 1041.

    1 reply

    Level 15
    Apr 18, 2020 2:17 PM UTC

    Trustee (fiduciary) fees are deductible by the trust and taxable to the trustee. Obviously, the fees must be allowed to be paid from the trust in the first instance.

     

    However, funeral expenses cannot be deducted on Form 1041.