Ron Carver created a nongrantor trust in 2016. During 2020, the trust earned $4,000 in ordinary dividends, $1,600 in interest income, and $2,400 in tax-exempt municipal bond interest. The only expenses were $1,800 in fiduciary fees. What portion of the fiduciary fees is deductible? None of the fiduciary fees are deductible. $540 is deductible. $1,260 is deductible. $1,800 is deductible.