For 2021, i nvestment management fees are not deductible on federal returns, but are they deductible on California returns?

kateldixon · ‎March 2, 2022

I am not itemizing deductions on federal taxes.

Bsch4477 · ‎March 2, 2022

That is discussed here.

https://www.google.com/amp/s/ttlc.intuit.com/community/state-taxes/discussion/can-i-deduct-investmen...

MinhT1 · ‎March 2, 2022

Investment management fees are no longer deductible as a miscellaneous itemized deduction on your Federal tax return since 2018.

But they are deductible on your CA state return.

In your CA state interview, you will find a screen that says: Here's the income that California handles differently. Go to Investments > Investment Income Expenses

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For 2021, i nvestment management fees are not deductible on federal returns, but are they deductible on California returns?