Question
Jaxx Cisneros created a non grantor trust in 2016. During 2019, the trust earned $4,000 in ordinary dividends, $1000 in interest income, and $2,000 in
Jaxx Cisneros created a non grantor trust in 2016. During 2019, the trust earned $4,000 in ordinary dividends, $1000 in interest income, and $2,000 in municipal interest. The only expenses were $1000 in fiduciary fees. What portion of the fiduciary fees are deductible?
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
12th Canadian edition
133098230, 978-0132791564, 132791560, 978-0133098235
