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Level 1
March 21, 2020
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deductions

  • March 21, 2020
  • 1 reply
  • 11 views

fees to financial adviser, deductible or what?

Best answer by DeanM15

Fees to a financial advisor were deductible in 2017, but are no longer deductible.

 

The Tax Cuts and Jobs Act eliminated Misc. Deductions Subject to The 2% Floor, which included fees paid to financial advisors, for the years 2018 through 2025. 

1 reply

DeanM15Answer
Level 10
March 21, 2020

Fees to a financial advisor were deductible in 2017, but are no longer deductible.

 

The Tax Cuts and Jobs Act eliminated Misc. Deductions Subject to The 2% Floor, which included fees paid to financial advisors, for the years 2018 through 2025. 

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