I am confused about whether we can fully or partially deduct tax prep fees and investment management fees in a trust. Can anyone clarify please.
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You can't deduct them on page 1, as far as I can tell, but my question is can you
deduct them on the 8960, so as to minimize the net investment tax in a trust.
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Thank you. Notice 2018-61 says otherwise and refers us to and 1.67-4 provides more guidance and some examples where they might be. I was looking for some more clarification.