Is the investment advisory fee tax deductible?

[DS30 · Accepted solution]

Yes, you can include this fee as an additional miscellaneous itemized expense subject to the 2% AGI limitation.

You will need to go the Federal Taxes>Deductions and Credits>I'll choose what I work on (or jump to full list)> scroll down to section  - other deductions and credits > other deductible expenses- select start or update

• Generation-Skipping Taxes - select "no"
• Less Common Expenses - select "yes"
• Enter your additional investment expenses here (see attached screenshot)