Excellent, informative thread - thank you. Two questions:
1) Exactly which types of investment expense are eligible for deduction from CA income taxes? Only investment advisory management fees, or also ADR management fees paid to the custodian (e.g. ADR mgmt fee for foreign stocks' "American Depository Receipts" that Schwab or Fidelity may charge as the account custodian)? What about trading fees?
2) Are such investment expenses eligible for deduction on my CA tax return if they were incurred in qualified retirement plan accounts (e.g. any flavor of IRA)? Or does this deduction apply to investment expenses incurred ONLY in taxable brokerage accounts?
Thank you!
