turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I deduct a placement fee for in an investment fund as an investment expense?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
CathiM
New Member

Can I deduct a placement fee for in an investment fund as an investment expense?

Yes, placement fees are considered investment expenses. According to the IRS "Investment expenses include interest paid or incurred to acquire investment property and expenses to manage or collect income from investment property. "  Click on this link for more information: Publication 550 (2016), Investment Income and Expenses.



Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question