jcr31
Level 1
01-30-2021
04:40 PM
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where to input account management fees from managed brokerage account to partnership return 1065?
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sjrcpa
Level 15
01-30-2021
06:34 PM
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Nondeductible expense
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George4Tacks
Level 15
01-30-2021
08:30 PM
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Possibly deductible on state.
Here's wishing you many Happy Returns
Here's wishing you many Happy Returns
George4Tacks
Level 15
01-31-2021
11:01 AM
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Enter in Screen 22 > Other Information > Investment expenses [A] > Account Management Fees (Sch A-Misc) - $Amount
I think it is then up to the individual preparer to determine the deductibility. Typically zero on Fed, but maybe deductible on State.
Here's wishing you many Happy Returns