Jump to content
ATX Community

Hmmm, investment expenses will still be deductible inside a trust


Abby Normal

Recommended Posts

Did you put them in as 2% floor deductions?

Previous preparer who I took over a bunch of returns for didn't, he put it under accountant fees. We had a big argument over that one. I've since had 3 different CPAs tell me they put it in under the accountant line. IRS instructions are pretty clear it's 2% floor.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...