Investment management expenses are a miscellaneous deduction on
Schedule A (Itemized Deductions) subject to 2% of your adjusted gross
income.
Select the "federal" tab, then "deductions & credits." Then
select "find deductions myself" then "other deductions & credits"
then "other deductible expenses." Say yes to the "other less common
expenses" screen then you'll finally see a screen saying "enter other
less common expenses." Enter your portfolio management fees here.
In order to get a tax benefit from this, you need to have more than
2% of your adjusted gross income in miscellaneous itemized deductions,
plus you need to itemize your deductions on Schedule A. If you owe
Alternative Minimum Tax, these miscellaneous deductions are not
deductible.
