A trust reports the following results:
$\begin{array}{ll}
\text { Dividend income } & \$ 20,000 \
\text { Capital gains } & 10,000 \
\text { Tax-exempt interest } & 10,000 \
\text { Trustee fees } & 3,000
\end{array}$ All of the items above are allocated to income. Calculate the maximum amount of trustee fees that are deductible.

Question

A trust reports the following results:
 $\begin{array}{ll}
\text { Dividend income } & \$ 20,000 \
\text { Capital gains } & 10,000 \
\text { Tax-exempt interest } & 10,000 \
\text { Trustee fees } & 3,000
\end{array}$ All of the items above are allocated to income. Calculate the maximum amount of trustee fees that are deductible.

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The Answer of A trust reports the following results:
 $\begin{array}{ll}
\text { Dividend income } & \$ 20,000 \
\text { Capital gains } & 10,000 \
\text { Tax-exempt interest } & 10,000 \
\text { Trustee fees } & 3,000
\end{array}$ All of the items above are allocated to income. Calculate the maximum amount of trustee fees that are deductible.

A Trust Reports the Following Results All of the Items Above Are Allocated to Income