Skip to main content
March 4, 2024
Question

Are fees paid when brokerage accounts were closed deductible? IRS regulations - no deduction of investment expenses; CA allows it. Does it need to be >2.5% MAGI?

  • March 4, 2024
  • 1 reply
  • 0 views
No text available

1 reply

Employee
March 5, 2024

Correct. No federal deduction and miscellaneous deduction for CA subject to 2% AGI limitation. 

March 5, 2024

Got it. Thank you!