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New Member
posted Jun 6, 2019 3:16:40 AM

Are administration fees on my investment account tax deductible?

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1 Replies
Employee Tax Expert
Jun 6, 2019 3:16:41 AM

If the fee is a investment advisory fee, it is deductible as a miscellaneous deduction on Schedule A, and must be greater than 2% of your adjusted gross income. To navigate to the section:

  • In your open return, select My Account
  • Select Tools
  • Select Topic Search
  • Type 'investment advisor fees in the box, then select GO