Trust return expenses

[DL]

I am confused about whether we can fully or partially deduct tax prep fees and investment management fees in a trust.  Can anyone clarify please.

[Rosy · Accepted solution]

You can't deduct them on page 1, as far as I can tell, but my question is can you

deduct them on the 8960, so as to minimize the net investment tax in a trust.

[DL]

Thank you.  Notice 2018-61 says otherwise and refers us to and 1.67-4 provides more guidance and some examples where they might be.  I was looking for some more clarification.