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Paying Commissions on a Trust
I have a client that was left a trust from his cousin who died. The company that held the trust, charged him $9,848.05, commission to settle the Estate. Can he take the fee as a deduction on his taxes? His cousins trust was $984,804.96 and left to 6 cousins. Each paid $9,848.05 to the company who settled the Estate.
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