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Investment advisory/management fees are deductible as a miscellaneous deduction on Schedule A (Itemized Deductions) subject to 2% of your adjusted gross income.
In order to get a tax benefit
from this, you need to have more than 2% of your adjusted gross income in
miscellaneous itemized deductions, plus you need to itemize your deductions on
Schedule A. If you owe Alternative Minimum Tax, these miscellaneous
deductions are not deductible.
Investment advisory/management fees are deductible as a miscellaneous deduction on Schedule A (Itemized Deductions) subject to 2% of your adjusted gross income.
In order to get a tax benefit
from this, you need to have more than 2% of your adjusted gross income in
miscellaneous itemized deductions, plus you need to itemize your deductions on
Schedule A. If you owe Alternative Minimum Tax, these miscellaneous
deductions are not deductible.
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