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Where do I include the lockbox fee on my tax form?

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Expert Alumni

Where do I include the lockbox fee on my tax form?

Safety deposit box (lockbox) fees are deductible as a miscellaneous expense in the Deductions & Credits section if you use the box to store income-producing items like stock certificates:

  1. Federal Taxes
  2. Deductions & Credits
  3. Retirement and Investment
  4. Other Investment Expenses

Note: The deduction is part of your itemized deductions and it is limited to the extent that it exceeds 2% of your Adjusted Gross Income.  If you are not itemizing (have mortgage interest, real estate tax etc.) and that is your only investment fee, it may not make a difference on your tax return.

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