Are American Depository Receipt (ADR) fees deductible for state (CA) purposes and where do I enter them in Turbo Tax if they are deductible?

[Cindy0H]

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:

       Federal

       Deductions & Credits

       Retirement and Investments

       Other Investment Expenses

[mcov1]

Investment expenses have three categories: safe deposit fees, investment advisor fees and IRA custodial fees. Which category do ADR fees fall into?

[Cindy0H]

Investment advisor fees would be the best choice. Did you find how to enter them from above?

[Cindy0H]

Sorry I couldn't answer sooner my internet was not working.

[Simon M]

Thanks, I was looking for the same info.