How to deduct Investment Expenses on form 8960? Specifically Advisory (Brokerage) fees? They are not picked up from Sch A or 4952, but they are deductible on the Form.

[itonewbie · Accepted solution]

Did it exceed 2% of the AGI?

[aglash]

No, it didn't.  Does that matter for the 8960?

[itonewbie]

It won't affect F.8960.  Only investment expenses exceeding the 2% floor and adjusted for overall limitation will be netted against the investment income for NIIT purposes.

[aglash]

Thank you so much for the explanation.

[itonewbie]

YAVW