As tagteam states above:
Investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible.
I have updated the link below.
See IRS Pub 529
It appears these are not deductible in Iowa either:
For tax years 2019 and later, Iowa is conformed to the federal repeal of miscellaneous itemized deductions and unreimbursed employee expenses for most taxpayers. Do not include any deductions on line 19 that were not allowable on your federal Schedule A, line 16. See 2021 IRS Publication 529 for more information about allowable deductions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
