Complex trust final year. Taxpayer wants to take tax prep fees from P/y as a deduction.
I don't see any language that specifically excludes this in my research but I also don't see any language or a place in Lacerte to deduct it either. Can anyone weigh in on this please?
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Form 2 Instructions, Page 24:
Note: None of the following expenses are deductible on Form 2: estate administrative expenses, executor’s expenses, executor’s commissions, attorney fees, accountant fees, and tax preparer fees.
Tax prep fees are allowable- Attorney/accountant/return preparer fees Line 14.
Yes, thank you. I am familiar with the Federal deduction. I am asking about the state of MA.
Form 2 Instructions, Page 24:
Note: None of the following expenses are deductible on Form 2: estate administrative expenses, executor’s expenses, executor’s commissions, attorney fees, accountant fees, and tax preparer fees.
Sorry. I didn't pick up on the MA part.
Sure thing. No problem. Thanks for responding.
Excellent. Thanks. That did the trick .
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