For the first time, I am encountering this elimination of the "investment advisory fees" as a Schedule A Miscellaneous deduction. All the TT posts I see talk about possibly still being able to take that deduction on a CA state return, which does not apply to me.
Question: Is there any other way to still take this deduction on a federal 1040 return? Seems intuitive that this should be able to be taken as a straight reduction of the income generated through the advisor's input; but I am wary of making any adjustments to the income amounts reported on my Forms 1099-DIV and 1099-B.
For the record, I am self-employed and file Sched. C. But I am in process of retiring and my self-employed income is rather low in recent years. Also my investments are not really connected to my self-employment, except that they provide me with needed additional income.
