Account Fees reported on 1099

MAC18 · ‎April 11, 2025

Are the account fees reported to me on form 1099 deductible? Should this expense go to line 16 of Form 4952? These fees result form my ownership of various ADR's.

AmyC

Yes in theory. At the federal level the deduction is suspended through 2025 but it may be deductible on your state return.

See What is Form 4952: Investment Interest Expense Deduction

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AmyC

Yes in theory. At the federal level the deduction is suspended through 2025 but it may be deductible on your state return.

See What is Form 4952: Investment Interest Expense Deduction

**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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Account Fees reported on 1099