Question
Does everyone agree with the treatment of investment advisory fees being passed out to a benefiary as a NY subtraction
I entered investment advisory fees subject to 2% on the fiduciary input screen and I am not sure if the result I am getting is correct. It's going to the IT-225 coded as S 139 and gets passed out to the beneficiary as a NY subtraction adjustment. It doesn't seem right...how can it be a direct adjustment to income
