ChrisJ
New Member

Retirement tax questions

Go to Search (top right), then type the exact phrase 'investment advisor fees' into Ask your question or search TurboTax. Jump to investment advisor fees from the results. 

TurboTax asks: Did you have any investment expenses? Answer yes and enter the fees on the next screen.

You can deduct fees you pay for counsel and advice about investments that produce taxable income. This includes amounts you pay for investment advisory services. Your deductions for investment expenses may be limited by:

  • The at-risk rules,

  • The passive activity loss limits,

  • The limit on investment interest, or

  • The 2% limit on certain miscellaneous itemized deductions.