Under personal, what investment and retirement fees and costs can be deducted for retirement (IRA, Roth IRA, 403b, 457) and non-retirement brokerage accounts and where?

Forum|Forum|7 years ago
June 1, 2019
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MichaelL1

Employee

They must be paid with funds outside of the retirement accounts and are no longer a federal deduction.

Depending on the state you live in, they might still be a deduction there as a Misc Sch A itemized deduction.

L

LaurenceAuthor

Employee

Thanks. Brokerage communicated additional funds to cover fees can be deposited into retirement account and they do not count towards contribution limit. Is this correct? Can investment fees and costs be deducted for non-retirement brokerage accounts and where?