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What type of investments qualify for deductions in line 24? The instructions do not say.
The form IT-196 for NY https://www.tax.ny.gov/pdf/current_forms/it/it196_fill_in.pdf
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It still wasn't clear to me, then I found this from DavidHH. He directs you to the question "Enter Investment Advisor Fees" which populates line 24 of NYS IT-196. - Found where to input in Step by Step. It is input in the Federal Section under: Personal - Deductions & Credits -Retirement & Investments - Other Investment Expenses. Choose "Enter my Expenses". Then If you then go on and enter Investment Expenses, it will populate line 24 on NY Form IT-196
Examples of expenses to include on line 24 are:
For more information, please see Instructions for IT-196.
It still wasn't clear to me, then I found this from DavidHH. He directs you to the question "Enter Investment Advisor Fees" which populates line 24 of NYS IT-196. - Found where to input in Step by Step. It is input in the Federal Section under: Personal - Deductions & Credits -Retirement & Investments - Other Investment Expenses. Choose "Enter my Expenses". Then If you then go on and enter Investment Expenses, it will populate line 24 on NY Form IT-196
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