Hmmm, investment expenses will still be deductible inside a trust

[Abby Normal]

I like trusts anyway because you're getting all the deductions into AGI. Put the house in the trust and deduct the real estate taxes too.

[Roberts]

Did you put them in as 2% floor deductions?

Previous preparer who I took over a bunch of returns for didn't, he put it under accountant fees. We had a big argument over that one. I've since had 3 different CPAs tell me they put it in under the accountant line. IRS instructions are pretty clear it's 2% floor.

[Abby Normal]

I enter them on the 1099DIV and ATX puts them on the 2% line... where they belong.

[Abby Normal]

Maybe the 1041 won't allow 2% deductions next year, and my plan will fall to pieces. CPE gonna be intrestin' this summer!