Question

Are investment managment fees still deductible still dectible for New York State taxes in 2022. They were deductible in 2021 but I can't find a place to enter the aomunt in the 2022 return.

Forum|Forum|3 years ago
April 13, 2023
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Employee

Yes. When going through your NY state tax return, look for a screen that says ''Report Adjustments to Federal Return''. Select YES and on the Additions to Itemized Deductions screen, you can add Investment Expenses to your itemized deductions. On the Changes to Federal Income screen in the NY return, scroll down to Investment Adjustments - click Start next to the Investment exps and union dues category.