Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?
021692
2 Replies
ColeenD3
Expert Alumni
Feb 21, 2021 10:29:06 AM
No. Starting Jan. 1, 2018, under the new Tax Cuts & Jobs Act, investment advisory fees (including account management fees) are NOT tax deductible, regardless of which funds are used to pay them.
Mike9241
Level 15
Feb 21, 2021 11:08:42 AM
not deductible for federal purposes but some states have different rules that could allow the deduction. so what is your resident state?