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Unfortunately, no. Investment management fees relating to tax-exempt income are not deductible.
Per IRS Pub 550: "You cannot deduct expenses you incur to produce tax-exempt income. Nor can you deduct interest on money you borrow to buy tax-exempt securities or shares in a mutual fund or other regulated investment company that distributes only exempt-interest dividends."
Unfortunately, no. Investment management fees relating to tax-exempt income are not deductible.
Per IRS Pub 550: "You cannot deduct expenses you incur to produce tax-exempt income. Nor can you deduct interest on money you borrow to buy tax-exempt securities or shares in a mutual fund or other regulated investment company that distributes only exempt-interest dividends."
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