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deductions

fees to financial adviser, deductible or what?

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DeanM15
Expert Alumni

deductions

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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1 Reply
DeanM15
Expert Alumni

deductions

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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