Is travel, motel, car rental, food, burial expense a deductible as trustee fees
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
devines779
New Member
SandeepBhadsavle
New Member
deontamorrow-63
New Member
CBM6563
New Member
bstein777
New Member