The Chen Trust incurred the following items during the year. $\begin{array}{lr}
\text { Taxable interest received } & \$ 40,000 \
\text { Tax-exempt interest received } & 60,000 \
\text { Tax preparation fees paid } & 5,000
\end{array}$ What is Chen's deduction for the tax preparation fees?

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The Answer of The Chen Trust incurred the following items during the year. $\begin{array}{lr}
\text { Taxable interest received } & \$ 40,000 \
\text { Tax-exempt interest received } & 60,000 \
\text { Tax preparation fees paid } & 5,000
\end{array}$ What is Chen's deduction for the tax preparation fees?

The Chen Trust Incurred the Following Items During the Year