on my 1099b form, I receive summaries for short term income, long term income, and a summary for Other Deductions related to custodian and management fees (allocable). Where to I put these allocatable fees on the form?
You'll need to sign in or create an account to connect with an expert.
Eligible custodian fees and advisory fees are considered investment expenses and are deducted on Schedule A as a miscellaneous itemized deduction. You may deduct the amounts you paid that were above 2% of your AGI.
Eligible custodian fees and advisory fees are considered investment expenses and are deducted on Schedule A as a miscellaneous itemized deduction. You may deduct the amounts you paid that were above 2% of your AGI.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Helen123
Level 3
PAccisano
Level 1
knownoise
Returning Member
TomG6
New Member
joellevine1952
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.