Kristin Abati and Renat Lumpau write, on WealthManagement.com about war you need to know about new final regs re application of 2% floor to miscellaneous itemized deductions for non-grantor trusts and estates.

The Internal Revenue Service issued final regulations under Internal Revenue Code Section 67 regarding the application of the 2percent floor to miscellaneous itemized deductions for non-grantor trusts and estates. Here’s what you need to know to comply with the new rules.

To read more, see Deductibility of Trust and Estate Expenses | Estate Planning content from WealthManagement.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.