TRUST EXPENSES
TRUST EXPENSES - Which of Beneficiaries Living Expenses are Tax-Free?
Primary Residence/Rental Property Expenses
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Mortgage payments
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Utilities
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Property insurance
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Property taxes
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Repairs & Maintenance
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Minors, Underage & Incapacitated Beneficiaries – Food & Clothing
Automobiles, R.V.’s & Motorcycles
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Car payments
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Insurance payments
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Gas
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Repairs & Maintenance (tires, smog, car wash)
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Registration
Expenses if a Beneficial Trust has a Business Purpose
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Office supplies (includes computers and office equipment)
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Postage
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Subscriptions (includes web domains)
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Utilities
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Travel expenses
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Meals & Entertainment
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Repairs & Maintenance
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Office furniture & fixtures
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Supplies & Materials
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Lease payments
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Advertising
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Professional Services
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Legal Services
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Health insurance
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Wellness/alternative medicine
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Fees, permits & services
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Telephone
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Bank and credit card fees
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Accounting & tax preparation
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Education & Training
Miscellaneous
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Legal Services
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Health insurance
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Wellness/alternative medicine
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Travel expenses
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Accounting & tax preparation
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Education & Training
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Postage
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Lease payments
Business Trusts Business Expenses – Active business income through a business trust
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Office supplies (includes computers and office equipment)
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Postage
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Subscriptions (includes web domains)
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Utilities
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Travel expenses (flights, accommodation, car rental, parking fees, ride service)
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Meals & Entertainment
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Repairs & Maintenance
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Office furniture & fixtures
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Supplies & materials
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Lease payments
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Advertising
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Professional Services
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Legal Services
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Health insurance
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Wellness
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Fees, permits & services
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Telephone
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Bank and credit card fees
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Accounting & tax preparation
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Education & Training
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Car payments
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Auto Insurance payments
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Gas
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Repairs & Maintenance (tires, smog, car wash)
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Registration