- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investment broker fees paid
Where can I deduct investment broker fees paid in Turbotax?
Topics:
June 6, 2019
5:19 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Assuming you are not referring to brokerage commissions on your trades:
To deduct advisor fees, you must itemize deductions on Schedule A, and the sum total of your miscellaneous deductions including your fees must exceed 2% of your Adjusted Gross Income.
Given the above limitations you may not be able to benefit from your advisory expenses.
To enter investment advisory fees:
Type in investment advisor fees the search box, top right of your screen, then click the magnifying glass
Click the jump to investment advisor fees link in the search results
Follow to prompts and online instructions
June 6, 2019
5:19 AM