Trust termination expenses

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  • Kram BergGold
    Senior Member
    • Jun 2006
    • 2112

    #1

    Trust termination expenses

    Recently there was a post about trust termination expenses paid after termination. Brad's response was payments made shortly after termination can be deducted in the year of termination. If a state tax payment was made on April 15 for a calendar year trust is this shortly after?
  • Brad Imsdahl
    Senior Member
    • May 2005
    • 623

    #2
    I would say yes, because the liability was established prior to the end of the trust.

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