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Since there are deductible guardianship fee expenses, where is the allowed posting of the expense for the deduction since this item is a miscellaneous itemized deduction?

kpoynorcpa
Level 1

Using Proseries, where can the guardianship fee expense be posted for deductibility?

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sjrcpa
Level 15

Are you preparing a 1040 or 1041?

And why do you think this is deductible for 2018?


Ex-AllStar

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4 Comments 4
sjrcpa
Level 15

Are you preparing a 1040 or 1041?

And why do you think this is deductible for 2018?


Ex-AllStar
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kpoynorcpa
Level 1
This is a 1040 for an individual that is under court appointed guardianship.  According to wording in the regulations, these guardianship expenses are a deductible item for the individual even in 2018.
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sjrcpa
Level 15
Misc expenses subject to the 2% of AGI reduction are not deductible in 2018. The Regulations have probably not been updated.

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IRonMaN
Level 15
:+1::+1:

Slava Ukraini!
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