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Investors & landlords
Starting Jan. 1, 2018, under the new Tax Cuts & Jobs Act, investment advisory fees (including account management fees) are NOT tax deductible, regardless of which funds are used to pay them. My previous answer failed to mention that, and so did several others' answers. For years prior to 2018, they were deductible under Miscellaneous Expenses (which only were deductible to the extent that they exceeded 2% of AGI), provided the taxpayer itemizes deductions and pays them out of post-tax (not IRA/401(k)) dollars.
‎December 19, 2019
7:20 AM