turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

booboo46
New Member

Are investment fees other that IRA fees deductable

 
Connect with an expert
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
AmandaR1
New Member

Are investment fees other that IRA fees deductable

Yes, investment fees (like custodial fees/percentages) are deductible as an itemized deduction. To enter these expenses:

  1. Login and click Take me to my return
  2. Next, select the Federal Taxes tab and then click the Deductions & Credits tab below it  (If you have the blue button Check for more tax breaks click it, and then click Skip to see all tax breaks)
  3. Scroll down to the Retirement and Investments section and click the blue hyperlink Show more
  4. Click Start/Revisit next to Other Investment Expenses
  5. Next, you'll be able to enter many types of investment expenses. Click the blue hyperlinks to learn more about the types of expenses that qualify for this deduction.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies