MayaD
Expert Alumni

Deductions & credits

The Financial Advisor fees is considered Investment Expenses. Under the new tax law, investment expenses aren't deductible on your federal return, but some states still allow you to deduct them on your state return.

To enter your Expenses:

  •  Sign into your TurboTax account 
  •  Select Federal Taxes tab
  •  Select Deductions & Credits
  •  Scroll to Retirement and Investments
  •  Select Other Investment Expenses
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