Can I expense Adviser Fees of $14.000 and Sales Tax of $2,700 expense as a Miscellaneous Expense on Schedule A?

[MichaelMc · Accepted solution]

No. As a result of the Tax Cuts and Jobs Act of 2017, all Miscellaneous Itemized Deductions subject to the 2% rule have been suspended (eliminated) through tax year 2025.

For more information on how the new tax law will impact your 2018 federal tax return, please click here.

Sales tax was not allowed as a miscellaneous itemized deduction. It is still allowed as an itemized deduction, as an alternative to state and local income tax, subject to an overall limit of $10,000 ($5,000 if married filing separately) on all state and local taxes (income, real estate, personal property, etc.).