Where do I deduct investment management fees paid out of taxed funds???

[LinaJ2018 · Accepted solution]

Due to the Tax Cuts and Job Acts TCJA, you cannot deduct any of the investment expenses anymore on your 2019 tax return.  Before the TCJA, they were allowed on your Schedule A as miscellaneous expenses that are subject to 2% of your Adjusted Gross Income AGI.  However, you can still deduct the interest you pay on the investment property ( Form 1098) if you have enough to itemize.

[Edited 3/9/2020 | 6:16 PM]

[frits2]

Do you mean 2018 investment expenses ?  When I jump to investment expenses  it only goes to " Your 2018 Deductions ..."  I don't see "Do you have ....."  Cannot follow you directions.  Why do I need to get all this extra help. Program should direct me

[bobmcconnell421]

agree that this does not work for 2018

[rrtaft]

Anyone figure this out yet for 2018?

[bobmcconnell421]

Yes, it is not possible for 2018 taxes. Really stupid.  In 2019 you can pay the fees out of your IRA and avoid paying with after tax dollars.  

[zipper3250]

Roth 2018 fees and expeses

[xmasbaby0]

Those expenses are no longer deductible under the new tax laws.
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