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February 19, 2021

They are not deductible anymore, unfortunately. 

 

Due to TCJA, fees used to pay for managing your investments are no longer deductible on your taxes.  This includes investment fees, custodial fees, trust administration fees.  They are miscellaneous itemized deductions subject to 2% of AGI and are no longer deductible on your tax return.

 

For details, click here: https://www.irs.gov/pub/irs-pdf/p529.pdf  (page 4 under Miscellaneous Deductions Subject to the 2% AGI Limit)