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vacasey1
New Member

I know I can't deduct my investment management fees on my 2018 Federal Return, but can I do that on my Virginia state return?

Mt financial planner thought that I could deduct his fees on my 2018 Virginia State Return.

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KatrinaB
Intuit Alumni

I know I can't deduct my investment management fees on my 2018 Federal Return, but can I do that on my Virginia state return?

Virginia has adopted the Federal tax law and does not permit a deduction for investment expenses on the Virginia Schedule A. Please view the 2018 Virginia form in the link below.

https://tax.virginia.gov/sites/default/files/inline-files/draft-2018-schedule-a.pdf

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1 Reply
KatrinaB
Intuit Alumni

I know I can't deduct my investment management fees on my 2018 Federal Return, but can I do that on my Virginia state return?

Virginia has adopted the Federal tax law and does not permit a deduction for investment expenses on the Virginia Schedule A. Please view the 2018 Virginia form in the link below.

https://tax.virginia.gov/sites/default/files/inline-files/draft-2018-schedule-a.pdf

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