AnnetteB6
Expert Alumni

Retirement tax questions

This type of investment expense can be entered as part of your Federal return, but it will not affect your Federal return at all.  It may be a deduction on your state return, depending on your state.

 

This type of deduction for your Federal was eliminated by the Tax Cuts and Jobs Act passed in 2017 for tax years 2018 through 2025.  

 

Go to Deductions and Credits > Other Deductions and Credits > Other Deductible Expenses, then click Start/Update.  Answer 'no' to the next question, then 'yes' and enter your information.

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