3498721
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Ish69
New Member

Form 8960 line 9d advisor fees

Are investment advisor fees deductible on line 9d of form 8960 and if so, how do I enter them in turbo tax?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MarilynG1
Expert Alumni

Form 8960 line 9d advisor fees

Investment Advisor Fees are no longer deductible from federal taxable income since the TCJA of 2017, but some states do allow investment advisory fees to be deducted as itemized deductions, if you are able to itemize on your state return.

 

 To enter:

  1. Log into Turbo Tax
  2. Go to Federal>deductions and credits
  3. Retirement and investment
  4. Other investment expenses.

 

If you're in the business of trading, and report Income/Expenses on Schedule C, here's IRS Instructions for Form 8960
 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question