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Fees for advising trust aren't fully deductible (access required)

By: Lawyers Weekly Staff
Published: January 28, 2008

Investment advisory fees incurred by a trust are generally subject to the same two percent floor applied to individuals for the deduction of itemized expenses from adjusted gross income, except where those fees would not have been incurred if the property were not held in a trust, a unanimous U.S. Supreme Court has ruled.A testamentary ...
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