I am completing a 1041 for a trust. Where do I record brokerage fees charged by an investment firm?. I see where to report income but not fees,which reduce income?

[Anonymous_ · Accepted solution]

"Where do I record brokerage fees charged by an investment firm?"

In the Deductions section located under the Federal Taxes tab, click the Start button to the right of Other itemized deductions (see screenshot below).

Enter a description on the next page (e.g., investment advisory fees) and then the amount (allocate between taxable and tax-exempt income, if applicable).