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The Chen Trust incurred the following items during the year. Taxable interest received $40,000 Tax-exempt interest received 60,000 Tax preparation fees paid 5,000 What is

The Chen Trust incurred the following items during the year.

Taxable interest received

$40,000

Tax-exempt interest received

60,000

Tax preparation fees paid

5,000

What is Chens deduction for the tax preparation fees?

a.

$5,000

b.

$0

c.

$3,000

d.

$2,000

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