TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

For 2022 What adviser fees are deductible on a CA return ?

Forum|Forum|3 years ago
March 8, 2023
2 replies
3 views

Are IRA, Roth or other adviser fees deductible on a California tax return as a miscellaneous itemized deduction ?

Level 15

They would only be deductible on your California return as miscellaneous itemized deductions if you paid the fees from non-IRA funds, which is not normally how it is done. The management fees are normally deducted from funds in your IRA, and as such they would not be deductible on your tax return.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

willie5074Author

Level 2

Thank you. Can I deduct the adviser fees on a non IRA investment account if the fees were paid from the investment account (amount after the 2% AGI factor) ?

Level 15

Yes, as long as the fees involved an account other than a retirement account.

Level 15

Yes, but only an amount greater than 2% of AGI can be an itemized deduction.