Skip to main content
Level 2
December 7, 2019
Solved

Does anyone know if investment advisory fees/expenses are allowable for purposes of calculating Net Investment Income Tax?

  • December 7, 2019
  • 1 reply
  • 13 views
No text available
This topic has been closed for replies.
Best answer by sjrcpa

Nope. Only deductible investment expenses can reduce NII for the NIIT computation.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Nope. Only deductible investment expenses can reduce NII for the NIIT computation.

The more I know the more I don’t know.