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Level 1
November 16, 2022
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Investment Fees/ Expenses

  • November 16, 2022
  • 1 reply
  • 21 views

In my investment account at the bottom of my 1099 consolidated tax statement it lists fees/expenses. Are these tax deductible ?

    Best answer by Anonymous_

    @muchopescado wrote:

    In my investment account at the bottom of my 1099 consolidated tax statement it lists fees/expenses. Are these tax deductible ?


    No. Tax reform (the TCJA) eliminated the deduction for investment expenses (which are miscellaneous itemized deductions on Schedule A). 

    1 reply

    Level 15
    November 16, 2022

    @muchopescado wrote:

    In my investment account at the bottom of my 1099 consolidated tax statement it lists fees/expenses. Are these tax deductible ?


    No. Tax reform (the TCJA) eliminated the deduction for investment expenses (which are miscellaneous itemized deductions on Schedule A).