Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 3:04:29 PM

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

0 1 4667
1 Replies
New Member
Jun 5, 2019 3:04:31 PM

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.