Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Massachusetts trust deductions

Ruth1
Level 4

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?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
BobKamman
Level 15

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.

View solution in original post

6 Comments 6
sjrcpa
Level 15

Tax prep fees are allowable- Attorney/accountant/return preparer fees Line 14.

The more I know, the more I don't know.
0 Cheers
Ruth1
Level 4

Yes, thank you.  I am familiar with the Federal deduction. I am asking about the state of MA. 

0 Cheers
BobKamman
Level 15

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.

sjrcpa
Level 15

Sorry. I didn't pick up on the MA part.

The more I know, the more I don't know.
0 Cheers
Ruth1
Level 4

Sure thing. No problem. Thanks for responding. 

Ruth1
Level 4

Excellent. Thanks. That did the trick .

0 Cheers