Form 8960 line 9d advisor fees

Ish69 — Wed, 19 Feb 2025 23:24:09 GMT

Are investment advisor fees deductible on line 9d of form 8960 and if so, how do I enter them in turbo tax?

Re: Form 8960 line 9d advisor fees

MarilynG1 — Wed, 19 Feb 2025 23:49:19 GMT

Investment Advisor Fees are no longer deductible from federal taxable income since the TCJA of 2017, but some states do allow investment advisory fees to be deducted as itemized deductions, if you are able to itemize on your state return.

To enter:

Log into Turbo Tax
Go to Federal>deductions and credits
Retirement and investment
Other investment expenses.

If you're in the business of trading, and report Income/Expenses on Schedule C, here's IRS Instructions for Form 8960

topic Form 8960 line 9d advisor fees in Get your taxes done using TurboTax

Form 8960 line 9d advisor fees

Re: Form 8960 line 9d advisor fees