Re: Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

posted

No. Starting Jan. 1, 2018, under the new Tax Cuts & Jobs Act, investment advisory fees (including account management fees) are NOT tax deductible, regardless of which funds are used to pay them.

not deductible for federal purposes but some states have different rules that could allow the deduction. so what is your resident state?

Has anyon else had an issue with the tuition deduction worksheet-?on line 5 it ask for line G from the MAGI worksheet-?this is an error and cost be over $500 in interest

in Education

Expert does your taxes

Do it yourself

Resources

Support

Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

Do you have an Intuit account?

Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

Are Brokerage Fees deductible and if yes, are they part of the standard deduction or a separate input?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert