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I can't find a place to enter investment management expense and then deduct 2% of my AGI. This is about 2018 taxes only.

I believe investment management fees should be deductible to the extent they exceed 2% AGI.  I cannot find a place to do this.  This is a 2018 question.

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1 Best answer

Accepted Solutions
AlanT
Expert Alumni

I can't find a place to enter investment management expense and then deduct 2% of my AGI. This is about 2018 taxes only.

Miscellaneous deductions subject to the 2% limit, including unreimbursed job expenses (reported on Form 2106) have been repealed for tax years 2018 – 2025. Affected deductions include:

  • Job-search expenses
  • Home office†
  • Union dues†
  • Work-related travel, mileage, and transportation (including DOT per diem)†
  • Work-related meals, entertainment, gifts, and lodging†
  • Work-related tools and supplies†
  • Specialized clothing or uniforms†
  • Work-related education†
  • Investment fees and expenses
  • Safe deposit box rental fees
  • Depreciation on computers used for work† or investments
  • Membership in professional societies†
  • Subscriptions to professional journals or trade magazines†
  • Licenses and regulatory fees†
  • Malpractice insurance†
  • Tax-preparation fees†
  • Tax advice fees†
  • Educator expenses in excess of $250
  • Appraisal fees for casualty losses or donations
  • Hobby expenses
**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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2 Replies

I can't find a place to enter investment management expense and then deduct 2% of my AGI. This is about 2018 taxes only.

Not deductible in 2018. 
AlanT
Expert Alumni

I can't find a place to enter investment management expense and then deduct 2% of my AGI. This is about 2018 taxes only.

Miscellaneous deductions subject to the 2% limit, including unreimbursed job expenses (reported on Form 2106) have been repealed for tax years 2018 – 2025. Affected deductions include:

  • Job-search expenses
  • Home office†
  • Union dues†
  • Work-related travel, mileage, and transportation (including DOT per diem)†
  • Work-related meals, entertainment, gifts, and lodging†
  • Work-related tools and supplies†
  • Specialized clothing or uniforms†
  • Work-related education†
  • Investment fees and expenses
  • Safe deposit box rental fees
  • Depreciation on computers used for work† or investments
  • Membership in professional societies†
  • Subscriptions to professional journals or trade magazines†
  • Licenses and regulatory fees†
  • Malpractice insurance†
  • Tax-preparation fees†
  • Tax advice fees†
  • Educator expenses in excess of $250
  • Appraisal fees for casualty losses or donations
  • Hobby expenses
**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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