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2 replies

X
xmasbaby0
Employee
March 17, 2023

No.   Investments fees have not been deductible on a federal tax return since the tax laws changed for 2018 and beyond.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    A
    Anonymous_
    Employee
    March 17, 2023

    No, the fees would be considered to be a miscellaneous itemized deduction subject to the 2% AGI floor and those deductions were eliminated as a result of tax reform (the TCJA).

     

    See https://www.irs.gov/publications/p529#en_US_202012_publink10004392

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