Beneficiary lives in house owned by trust.

[appelman]

A trust owns income-producing investments and a non-income-producing house lived in by the income beneficiary. Which, if any, of the current expenses of the house should be allocated to the trust, rather than to the beneficiary? Maintenance? Utilities? Insurance? Real estate taxes? Capital expenditures? Other?

[appelman]

I guess what I'm really asking...

...is whether any expense is DEDUCTIBLE by the trust.

[Burke]

No, not as an expense.

[appelman]

See follow-up post.

Please consider my clarification and comment/query in the revisited post.