Investors & landlords

BillP23,

 

Unfortunately, the law changed in 2017 and such fees are no longer federally deductible.  However, you can still enter them in TurboTax as miscellaneous deductions subject to a 2% AGI threshold in case your state income tax does allow them to be deducted.  The 2% threshold means that 2% of your adjusted gross income is subtracted from the sum of such miscellaneous expenses as listed in, say, Investment Expense Tax Deduction - Which Fees Can You Deduct? (moneycrashers.com) , and only what's left, if any, is an itemized deduction.