Advisory fees are entered as investment expenses:
- Federal Taxes
- Deductions & Credits
- Scroll
down to Retirement and Investments
- Select Other Investment Expenses
Note:
Management fees paid through the IRA account
cannot be deducted. They simply reduce the value of your IRA. On the other
hand, management fees paid by cash or check and not deducted from the IRA can
be deducted as investment expenses.
