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Investors & landlords
@pegbarry wrote:
Can I deduct investment management fees?
No, not after tax reform (the TCJA).
Investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible.
See https://www.irs.gov/publications/p529#en_US_2019_publink10004391
March 20, 2020
10:06 PM