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Administration expenses are the most common deductions for an estate or trust. These include a deduction for personal representatives' fees or trustees' fees, whichever is applicable, attorneys' fees, accountants' fees, custodial fees, investment advisors' fees, and similar expenses. It is important to understand that these fees are deductible under IRC Sec. 212. These expenses are not subject to the 2% of adjusted gross income limitation.
Because it is impossible for me to identify and consider ALL the relevant facts, this advice is not intended or written to be used for the purpose of avoiding penalties, and cannot be used for that purpose.