It depends on what type of account. If it was for a 401-K or IRA account, you can only deduct the amount you paid with money from outside of the account.
If you paid investment expenses like safe deposit box fees or advisor fees you can deduct the amount OVER 2% of your AGI as an investment expense if you itemize deductions.
You can enter those amounts by following the directions below:
-
Select Federal Taxes then Deductions and Credits
- Then scroll down to Retirement and Investments
- On the line Other Investment Expenses - Click the Start or Update button
