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Sorakairi89
March 8, 2022
Question

Do you report management fees on taxes?

  • March 8, 2022
  • 1 reply
  • 0 views

I received a consolidated 1099 from my stock market account. 

It included an area under the 1099-INT that showed miscellaneous fees, which were management fees.

Do I report this on my taxes?

    1 reply

    A
    AnnetteB6
    March 8, 2022

    No, management fees for your investment account are not deductible.  This deduction was suspended for the tax years 2018 through 2025 by the Tax Cuts and Jobs Act passed in 2017.

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