Where do I enter Financial Advisior fees?

[mikewyffels]

Merrill Lynch Financial Advisor Fees?

[PaulaM]

Brokerage advisory fees or financial advisory fees are deductible as a miscellaneous deduction on Schedule A, and must be greater than 2% of your adjusted gross income. To navigate to the section:

• Select Federal from the left navigation pane, then Deductions & Credits
• Scroll to Retirement and Investments section
• Select Other Investment Expenses

[edited, 1/10/18 3:17pm]

[PaulaM]

@rjs Thank you, I'll edit to reflect the proper location.

[rjs]

Here's how to enter financial advisor fees in TurboTax.

• Click Federal Taxes in the left navigation pane.
• Click Deductions & Credits.
• Click "I'll choose what I work on" or "Jump to a full list."
• On the screen "Your 2017 Deductions & Credits" scroll down to the "Retirement and Investments" section.
• Click the Start, Update, or Revisit button for "Other Investment Expenses."
• The next screen asks if you have investment expenses. Click Yes.
• On the next screen enter the financial advisor fee in the box for Investment Advisor Fees.