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The Nick Nolt Trust reports the receipts and expenditures listed below. U.S. Treasury interest $24,000 Rental income 4,800 Interest from tax-exempt bonds 7,200 Property taxes

The Nick Nolt Trust reports the receipts and expenditures listed below.

U.S. Treasury interest

$24,000

Rental income

4,800

Interest from tax-exempt bonds

7,200

Property taxes on rental property

2,600

CPA's fee for tax return preparation

500

Trustee's fee

2,400

Requirement

What are the trust's deductible expenses? (Assume that all trustee fees are exempt from classification as a miscellaneous itemized deduction. Complete all input fields. If the expense is not deductible enter a "0" in the column. Do not round intermediary calculations.)

U.S. Treasury interest

Rental income

Interest from tax-exempt bonds

Property taxes on rental property

CPA's fee for tax return preparation

Trustee's fee

Trust's deductible expenses

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