Yes, as long as the estate planning falls under one of the reasons listed below. If so, it is reported as a
Miscellaneous itemized deduction on Schedule A. They are subject to a 2% of Adjusted Gross
Income threshold. But, if they are high enough and you itemize deductions
on Schedule A, it might benefit you.
To get to the general
area to enter those fees:
While inside the software and working on your return, type investment
expenses in the Search at the top of the screen (you may see a magnifying
glass there). There will be a popup that says Jump
to investment expenses. Select that to get to the general
area.
Follow the screens to
the one that asks for investment advisor fees (or similar) and enter it there.
On Schedule A (Form 1040), line 23, you can deduct expenses that you pay:
1.
To produce or collect income that must be included in your gross income,
2.
To manage, conserve, or maintain property held for producing such income, or
3.
To determine, contest, pay, or claim a refund of any tax.
You can deduct
expenses you pay for the purposes in (1) and (2) above only if they are
reasonably and closely related to these purposes.
