No, ADR dividend fees are not deductible due to the 2018 Tax Cuts and Jobs Act suspended the deductibility of investments expenses.
Thanks...understood at the Federal level they are not deductible. What about for State of California deduction?
I saw someone posted this last year regarding ADR fees:
"Yes. Under the new tax law, other investment expenses do not count on your federal return. They do count on the California return. Here is how to enter them:
Yes, for CA your ADR fees are tax deductible if you are itemizing your CA return. This would be considered an investment expense.
You would enter them by selecting the following: