I have an investment account with TD Ameritrade - where do I insert the management fee for my account?

Forum|Forum|3 years ago
March 10, 2023
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xmasbaby0

Employee

Fees paid to brokerages for investment accounts etc. have not been deductible on a federal tax return since the tax laws changed for 2018 and beyond. Such fees used to be included as the miscellaneous deductions subject to the 2% of AGI threshhold.

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.**

Mike9241

you can enter them as investment expenses on schedule A - for a possible state income tax benefit if 1)you have a state income tax and 2) the state allows itemized deductions). no assurance that even then you'll benefit from entering the amount