JohnB5677
Expert Alumni

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I received multiple conflicting reports on this, and had to go back to the original source.  Based on Publication 529  page 3&4 you cannot deduct Investment fees and expenses.

 

Expenses You Can’t Deduct

In addition to the expenses that are no longer deductible as a miscellaneous itemized deduction, there are expenses that are traditionally nondeductible under the Internal Revenue Code. Both categories of deduction are discussed next.

 

Miscellaneous Deductions Subject to the 2% AGI Limit Unless you qualify for an exception, discussed later, you generally can't deduct the following expenses, even if you fall into one of the qualified categories of employment listed earlier.

 

• Investment fees and expenses.Investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible.

 

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