Level 7

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

View solution in original post