Yes, you may be able to deduct your fees, if you pay them outside of your retirement account or the second answer below. Please see the DPer IRS Publication 17 page 202 Investment
Fees and Expenses You can deduct investment fees, custodial fees,
trust administration fees, and other expenses you paid for managing your
investments that produce taxable income.
Investment management expenses are a miscellaneous
deduction on Schedule A (Itemized Deductions) subject to 2% of your
adjusted gross income. Click on
What is the 2% rule?
To enter investment fees and expenses:
- Type investment
expenses in the search/find box and click search
- Click
on Jump to investment expenses
- Click No on the Investment Interest screen
- Click Yes on the Other Investment Expenses
- Continue
with the onscreen questions.
Related information:
[Edited 1-28-18|7:02am PST]
