On a 1041 trust return are tax preparation fees subject to 2% and therefore no longer deductible or are they deductible in full on line 14?
Lacerte has screen 32 Other Deductions where we entered investment advisory fees, and selected 2% of AGI limitation applied. As of 2018 and TCJA these fees are no longer deductible. In the past I have seen Tax Prep fees entered here as well subject to 2% but there is also screen 31 Taxes and Fees that will populate 1041 line 14, fully deductible. Also, screen 31 has two fields, Tax Preparation fees allocable to taxable income and another for allocable to taxable and tax-exempt income (even if I enter under tax prep in the second field, it does not allocate, it shows the entire amount on line 14).
Also, what about ADR fees, were they ever deductible albeit subject to 2% on a trust return? After TCJA they would not be, but should they still be entered like advisory fees for states like CA?