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March 13, 2025
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does California allow a deduction for other investment expenses?

  • March 13, 2025
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    Best answer by Bsch4477

    California allows a deduction for investment fees for non exempt investments. It is limited to an amount greater than 2 percent of your AGI if you itemize. Enter those fees on your federal return even if you don’t itemize on the federal return but itemize on the state return. 

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    Bsch4477Answer
    Employee
    March 13, 2025

    California allows a deduction for investment fees for non exempt investments. It is limited to an amount greater than 2 percent of your AGI if you itemize. Enter those fees on your federal return even if you don’t itemize on the federal return but itemize on the state return.