Which of the following is usually not accounted for as an adjustment to a trust's income?

Question

Quizplus · Accepted Answer

Investing costs and commissions are typically not accounted for as an adjustment to a trust's income, as these expenses are considered capital expenses and are added to the cost basis of the trust's investments. Ordinary repairs, rent, insurance, and property taxes are all expenses that can be deducted from the trust's income.

Which of the Following Is Usually Not Accounted for as an Adjustment