Investment Management Fees

[GGBJr]

As I understand the changes in the tax law, investment management or advisory fees are no longer deductible for federal tax returns.  Since this expense is quite sizable for the family members that I have, is there a way to somehow get around this?  In other words, if I was to form an LLC to oversee the management of these assets, could the LLC deduct these expenses as an operating cost of doing business?

[Anonymous_ · Accepted solution]

No, there is absolutely no way around the current law.

[GGBJr]

I had guessed as much!

Thanks for responding.

[Mike9241]

even if the LLC owned the investments, the classification on the K-1s would still be reported as such and thus be non-deductible in the individual's return. 

[GGBJr]

Will I still be alive when Congress addresses this in 2025...

Thanks for your response!