No, there is no way to deduct your investment advisory fees from the gains shown on Forms 1099-B on your federal 1040 return on Schedule A.
Prior to 2017, these miscellaneous expenses were reported on Form 2106. Taxpayers were allowed to deduct the portion of these miscellaneous expenses that exceeded 2% of their AGI, provided they took the itemized deduction. The 2% rule referred to the limitation on certain miscellaneous itemized deductions, which included things like unreimbursed job expenses, tax prep, investment, advisory fees, and safe deposit box rentals.
Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the deduction for these 2% miscellaneous expenses has been suspended in tax years 2018 through 2025. This does not apply to self-employed individuals. You can deduct business-related expenses on Schedule C if your fees are not personal in nature. However, you stated that they were not business-related.
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