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:
- Federal Taxes
- Deductions & Credits
- Retirement and Investment
- 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.