Deductions on Form 1041
The IRS recently issued Notice 2018-61, which discusses deductions for trusts and estates filing Form 1041. In the notice, the IRS indicates that trusts and estates will continue to be able to deduct fees paid in connection with the administration of the trust or estate on Form 1041 for the 2018 tax year and beyond. Therefore, deductions for expenses that were previously not subject to the 2...