Jackson Miller created a nongrantor trust in 2014. During 2018, the trust earned $4,000 in ordinary dividends, $500 in interest income, and $1,500 in municipal interest. The only expenses were $1,000 in fiduciary fees. What portion of the fiduciary fees are deductible? *

The entire $1,000 is deductible.

$750 is deductible.

$667 is deductible.

None of the fiduciary fees are deductible.