Skip to main content
Level 1
April 15, 2026
Question

Are Investment Advisory Fees deductible on California State Tax Return?

  • April 15, 2026
  • 1 reply
  • 23 views
For IRA Management Fees

1 reply

Employee Tax Expert
April 17, 2026

It depends. 

 

If the fees are paid from outside funds and not IRA funds, then yes, they are deductible on your California return.  They are not deductible for federal purposes.

 

Please see this link for more details on the allowed Franchise Tax Board itemized deductions.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"