Investment/ advisory fees are entered as investment expenses:
- Federal Taxes
- Deductions
& Credits
- Scroll
down to Retirement and Investments
- Select Other
Investment Expenses
Notes:
The investment expenses fees
associated with your taxable accounts include fees such as:
- fees paid
or incurred to produce or collect income or to manage property,
- ibroker/
investment advisory fees (such as your advisory charges)
- investment
services fee
- safe
deposit fee
Management fees paid through
an IRA account cannot be deducted.
They simply reduce the value of your IRA. On the other hand, management fees
paid by cash or check and not deducted from the IRA can be deducted as
investment expenses.
