Solved: Where do we list the Advisory Fees paid to Wells Fargo Advisors in the amount of $255.19
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    lombardi3406
    New Member
    posted
    ‎June 1, 2019 2:16 PM
    last updated ‎June 01, 2019 2:16 PM

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

     
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    tagteam
    Level 15
    Level 15
    ‎June 1, 2019 2:16 PM

    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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    tagteam
    Level 15
    Level 15
    ‎June 1, 2019 2:16 PM

    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

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    JPWlks
    New Member
    ‎April 16, 2020 7:49 AM

    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.

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    ThomasM125
    Employee Tax Expert
    Employee Tax Expert
    ‎April 16, 2020 4:09 PM

    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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