United States Supreme Court

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Knight v. Comm'r of Internal Revenue, 06-1286

In the context of the Internal Revenue Code, under which individuals may subtract from their taxable income certain itemized deductions, but only to the extent the deductions exceed 2% of adjusted gross income, investment advisory fees are also subject to the 2% floor when incurred by a trust.

Appellate Information

  • Decided 01/16/2008
  • Published 01/16/2008



  • United States Supreme Court