I thought that investment fees are no longer tax deductible as of TY2018?!  You mean that these fees are still deductible above 2% of inclome?  Also, is purchasing Turbo Tax or paying an accountant to do your taxes deductible then, if you have investments? What Federal publication explains these points?  Many thnks in advance!

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@LCoop wrote:

I thought that investment fees are no longer tax deductible as of TY2018?!  You mean that these fees are still deductible about 2% of inclome? 

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This is an old thread that transferred into the forum when the new forum started up about 8 weeks ago.   All old threads were unfortunately given a current date, and we have complained about that, but TurboTax says it can't be corrected.  Threads that look like they are from late May/early June 2019 may actually be 1,2,3 years old.

It's possible someone familiar with that topic may respond in this thread, but if no one responds in this thread, then ask any question you have as a NEW thread by going to the page below and click the blue "Ask a Question" button.

https://ttlc.intuit.com/community/taxes/discussion/02/202

Thanks!

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@LCoop wrote:

I thought that investment fees are no longer tax deductible as of TY2018?!  You mean that these fees are still deductible about 2% of inclome? 

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@LCoop  That is correct, in 2018 all 2% itemized deductions were eliminated.

Don't be misled by the "supposed" posting date of the question. That is a question that migrated from the old "Answer Exchange" (AXE) to this new "Community". The old postings have the date of the migration (6-03-2019) and not the actual date of the post which could have been anytime prior to that.

The original post was probably  posted 2-3 years ago when that deduction still existed but the posting date was lost.

There is a small handful of states where the 2% (of AGI)-subject deductions may still be deductible on a state return.   If you enter them into TurboTax, the Federal return will ignore the worksheet, while the state return in an eligible state will still use it, subject to that 2% threshold for the total of all miscellaneous category deductions, and if you qualify to otherwise itemize in that state.

Thanks!