Skip to main content
April 9, 2025
Question

professional fees

  • April 9, 2025
  • 1 reply
  • 0 views

For funds invested in a California Master Trust, I have just started receiving interest.  They are also charging fees and expenses.  Where do I deduct the fees and expenses?

    1 reply

    Employee
    April 10, 2025

    To deduct investment fees and expenses you will need to itemize your deductions. Depending on your other deductible expenses it may be advisable to take the standard deduction if that is greater than your itemized ones.