Conservatorship

[EA Carol]

Can the fees paid to maintain a conservator account for a minor child as well as any attorney expenses be deducted as an itemized deduction considering it is used to create taxable income.

I would assume it would be deducted on either the parent's or child's account depending on who paid it.

Thanks for all your help

[Bees Knees]

I would say so, subject to the 2% AGI limitation, as long as they are directly tied to the collection of taxable income.