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:
- Log into Turbo Tax
- Go to Federal>deductions and credits
- Retirement and investment
- 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
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