Investment managemeent fees

pegbarry · ‎March 20, 2020

Can I deduct investment management fees?

Anonymous_ · ‎March 20, 2020

@pegbarry wrote:

Can I deduct investment management fees?

No, not after tax reform (the TCJA).

Investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible.

See https://www.irs.gov/publications/p529#en_US_2019_publink10004391

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Anonymous_ · ‎March 20, 2020

@pegbarry wrote:

Can I deduct investment management fees?

No, not after tax reform (the TCJA).

Investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible.

See https://www.irs.gov/publications/p529#en_US_2019_publink10004391