AnnetteB6
Expert Alumni

Deductions & credits

You would probably need to talk to the brokerage to be certain of their definition for 'investment advisory fees' and 'custodial and management fees'. 

 

Either way, fees related to managing a brokerage account (whether a retirement account or taxable account) are no longer deductible on your Federal return.  This change is in effect for tax years 2018 through 2025 due to the Tax Cuts and Jobs Act passed in 2017.

 

@mtiede

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