Brokerage expense

My brokerage statement has a line for Custodial & Management Fees. The page states Total expenses available for allocation to tax exempt income.

Where do I enter this in Turbo Tax?

I have always entered fees for IRA accounts in other investment expense, but not even sure that is correct?

Any help would be appreciated

Nadine

146

Level 15

Mar 3, 2026 10:39:25 AM

Those fees are not deductible on your federal return but may be deductible on your state return subject to restrictions. If the fees are paid within a retirement plan they are not deductible by either.

Level 2

Mar 3, 2026 10:41:56 AM

Since the state return pulls info from the Federal section should I enter in other investment expense?

Level 2

Mar 3, 2026 10:51:40 AM

Sorry, I figured it out. Thanks for your help.

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Brokerage expense