For 2022 What adviser fees are deductible on a CA return ?

[willie5074]

Are IRA, Roth or other adviser fees deductible on a California tax return as a miscellaneous itemized deduction ?

[ThomasM125]

They would only be deductible on your California return as miscellaneous itemized deductions if you paid the fees from non-IRA funds, which is not normally how it is done. The management fees are normally deducted from funds in your IRA, and as such they would not be deductible on your tax return.

[Bsch4477]

Yes, but only an amount greater than 2% of AGI can be an itemized deduction. 

[willie5074]

Thank you. Can I deduct the adviser fees on a non IRA investment account if the fees were paid from the investment account (amount after the 2% AGI factor) ?

[Bsch4477]

Yes, as long as the fees involved an account other than a retirement account.