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lpmiller0823
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Can I claim professional financial management fees against short term capital gains

 
posted
‎February 16, 2025 8:34 AM
last updated ‎February 03, 2026 2:36 AM
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M-MTax
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can I claim professional financial management fees against short term capital gains

No, you cannot. Investment management fees (aka advisor fees) are miscellaneous itemized deductions subject to the 2% floor of AGI and were eliminated by tax reform (the TCJA) for the 2018-2025 tax years. 

 

Can I claim professional financial management fees against short term capital gains

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‎February 16, 2025 8:44 AM
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M-MTax
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can I claim professional financial management fees against short term capital gains

No, you cannot. Investment management fees (aka advisor fees) are miscellaneous itemized deductions subject to the 2% floor of AGI and were eliminated by tax reform (the TCJA) for the 2018-2025 tax years. 

 

Can I claim professional financial management fees against short term capital gains

‎February 16, 2025 8:44 AM
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663
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