kufarae
Level 1
04-14-2023
02:53 PM
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a disabled adult child is the beneficiary of a simple trust. They live in a condo owned by the trust. Can the trust deduct the HOA fees and insurance and if so where in the program (1041)
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sjrcpa
Level 15
04-14-2023
05:37 PM
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Those are nondeductible expenses on the tax return.
They may reduce Accounting Income.
The more I know the more I don’t know.