Question
Can I report outside IRA management fees in "Investment Advisor Fees" under "Investment Expenses" for benefit on a California state return? (I know not federal deduction)
I have a financial advisor who manages both an individual investment account and a separate IRA account. I added "Investment Advisor Fees" for the individual account, but I'm wondering if I should also include those for the IRA account since I paid the fees on both accounts in 2024. The possible difference is that I'm not retired so I did NOT report any income in 2024 from the managed IRA account.
