Solved: Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19
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New Member

Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19

 
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Level 15

Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19

"Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19"

 

Those fees are no longer deductible.

 

See https://www.irs.gov/publications/p529#en_US_2018_publink10004392

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3 Replies
Level 15

Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19

"Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19"

 

Those fees are no longer deductible.

 

See https://www.irs.gov/publications/p529#en_US_2018_publink10004392

View solution in original post

New Member

Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19

I believe Investment advisor fees on an Inherited IRA are deductible.

Employee Tax Expert

Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19

They would only be deductible as miscellaneous itemized deductions, which were suspended for most tax filers by the Tax Cuts and Jobs Act effective for tax year 2018 to 2022. 

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