Irrevocable trust

[jp29]

My husband and I are retired and have placed all our real estate in an Irrevocable trust. What expenses are deductible on the trust tax return?

[R-SchuleCPA]

There are some other irrevocable trust deductions that may help further reduce the tax burden to the trust or estate.

• Investment Advisory Fees.
• Bond Premiums.
• Theft Losses.
• Income Distribution.
• Qualified Mortgage Insurance Premiums.
• Cemetery Perpetual Care Fund.
• Estate Taxes.
• Charitable Deductions.