Investment broker fees paid

[joe0322wang]

Where can I deduct investment broker fees paid in Turbotax?

[Marketstar · Accepted solution]

Assuming you are not referring to brokerage commissions on your trades:

To deduct  advisor fees, you must itemize deductions on Schedule A, and the sum total of your miscellaneous deductions including your fees must exceed 2% of your Adjusted Gross Income.

Given the above limitations you may not be able to benefit from your advisory expenses.

To enter investment advisory fees:

• Type in investment advisor fees the search box, top right of your screen, then click the magnifying glass

• Click the jump to investment advisor fees link in the search results

• Follow to prompts and online instructions