United States Supreme Court
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
Judges
Court
- United States Supreme Court