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Taxation & Estate Planning
: TaxProf BlogSupreme Court Issues Unanimous Opinion in Knight: Deduction of Trust's Investment Expenses Is Limited by § 67's 2% Floor
Full post as published by TaxProf Blog on January 16, 2008 (boomark / email).
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TRUST INVESTMENT FEES ARE SUBJECT TO 2% DEDUCTION FLOOR
Supreme Court Limits Deductions on Trusts
Supreme Court Holds Trust Investment Advisory Fees Subject to the 2% Floor
NO DEDUCTION FOR SEMINAR EXPENSES
INVESTMENT INTEREST EXPENSE IN TRADING PARTNERSHIPS







