As long as the fees were not for a retirement account, they can be included in other miscellaneous itemized expenses. The total of these is only allowed to the extent it exceeds 2% of your adjusted gross income. In addition, your total itemized deductions would need to exceed the standard deduction. Please see the instructions below for entering these expenses.
If you are using TurboTax Online,
except Home & Business
- Click on Federal Taxes
- Click on Deductions & Credits
-
Check
your list for Other Deductible Expenses and click Start/Edit;
if it is not there, please proceed with the rest of the steps
- Click on Check for other tax breaks
- Click on Jump to full list
- Scroll down to Other Deductions and Credits and
click Show more
- Click on Start/Edit next to Other
Deductible Expenses
If you are using TurboTax
Desktop or TurboTax Online Home & Business
- Click on Federal Taxes (Personal if
using Home & Business)
- Click on Deductions & Credits
- Select I'll choose what I work on
- Scroll down to Other Deductions and Credits
- Click on Start/Update next to Other
Deductible Expenses