topic Investment Expense in Retirement tax questions

Investment Expense

JohnAM2025 — Mon, 10 Mar 2025 19:52:38 GMT

How do I deduct postage and mailing expenses pertaining to investments, e.g., sending documents to my investment advisor?

Re: Investment Expense

AnnetteB6 — Tue, 11 Mar 2025 14:18:29 GMT

This type of investment expense can be entered as part of your Federal return, but it will not affect your Federal return at all. It may be a deduction on your state return, depending on your state.

This type of deduction for your Federal was eliminated by the Tax Cuts and Jobs Act passed in 2017 for tax years 2018 through 2025.

Go to Deductions and Credits > Other Deductions and Credits > Other Deductible Expenses, then click Start/Update. Answer 'no' to the next question, then 'yes' and enter your information.

Re: Investment Expense

JohnAM2025 — Thu, 13 Mar 2025 21:47:48 GMT

Thanks. Your response was prompt, succinct, and worked easily.