topic It depends whether your total CA itemized deductions exce... in State tax filing

Are investment advisory fees deductible on California state tax(2018)?

cchanin — Sat, 08 Jun 2019 00:29:23 GMT

Please read this answer from Rocket J Squirrel which addr...

MinhT — Sat, 08 Jun 2019 00:29:25 GMT

Please read this answer from Rocket J Squirrel which addresses your question:

https://ttlc.intuit.com/replies/7244557

But will it make any difference on CA returns?

cchanin — Sat, 08 Jun 2019 00:29:26 GMT

But will it make any difference on CA returns?

It depends whether your total CA itemized deductions exce...

MinhT — Sat, 08 Jun 2019 00:29:27 GMT

It depends whether your total CA itemized deductions exceed the Ca standard deduction. If you use the CA standard deduction, it would not make any difference.

Using itemized it need to be greater than 2% of your AGI,...

cchanin — Sat, 08 Jun 2019 00:29:28 GMT

Using itemized it need to be greater than 2% of your AGI, correct?

I could not locate the "Adjustments to Income" in the Cal...

gerhard1012 — Sat, 08 Jun 2019 00:29:28 GMT

I could not locate the "Adjustments to Income" in the California "Show Topic List." Please help!

Were Investment Income Expenses deductible on CA or Fed r...

Nisi1 — Sat, 08 Jun 2019 00:29:30 GMT

Were Investment Income Expenses deductible on CA or Fed returns earlier than 2018?

Re: Were Investment Income Expenses deductible on CA or Fed r...

Tax Aide — Wed, 04 Mar 2020 22:59:49 GMT

Enter your investment advisory fees and other miscellaneous deduction in the Itemization section of the Federal return. They won't count for Federal taxes but Turbo Tax carries them to your CA return and adds them. subject to 2% threshold, to your Federal itemization. You can view the result by going to the forms view and going to the CA form which shows the addition of the miscellaneous expenses to the Federal Itemized expenses.