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Hi Matt,
I found this resource that may help clear things up: https://docs.aws.amazon.com/awscloudtrail/latest/userguide/cloudtrail-trail-manage-costs.html. If this isn't quite what you're looking for, I suggest reaching out to our Account & Billing experts via our Support Center: go.aws/support-center.
— Sage A.
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I suppose this snippet from that document suggests its just not supported by aws billing? - "Though you can apply tags to CloudTrail trails, AWS Billing cannot currently use tags applied to trails for cost allocation. Cost Explorer can show costs for CloudTrail Lake event data stores and for the CloudTrail service as a whole."