Investment expenses are no longer deductible on your federal return, but they may help on your state return.
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New York State bonds for NYState resident who pays NY State taxes? Is management fee deductible in NY?
I assume it is ok to deduct fees in NY for managing municipals bonds of other states as that interest is taxable by NY State
Thanks for a reply!
I am asking about the deductibility of mgmt fees in NY State for NY bonds. I assume that management fees are not deductible by NY since the interest is non-taxable but I want to know what you think.
I assume that management fees for out of state bonds are deductible in NY since the interest from those bonds is taxable by NY.