I have federally tax-exempt interest dividends that get taxed as Illinois income. Under the TT interview, it asks "Any Deductible Expenses?" In 2021, did you pay any expenses that:
- Were used to maintain investments that are exempt from federal tax, but are taxable to Illinois?
- Were disallowed on your federal return because you took a credit for them?"
Are the "advisory fees" I paid to my brokerage account throughout 2021 that held this asset that generated the subject income a deductible expense per the first bullet?
Thanks - Carris
