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Stock Mgmt Fees and Expenses

pacoford
Level 4

Where do I enter fees & expenses related to stock buy/sell management?

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Just-Lisa-Now-
Level 15
Level 15

Advisory/management fees are part of misc itemized deductions which were taken away for federal purposes by TCJA in 2018....your state may still allow them, there should be a QuickZoom button at the bottom of the Sch A.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15

Advisory/management fees are part of misc itemized deductions which were taken away for federal purposes by TCJA in 2018....your state may still allow them, there should be a QuickZoom button at the bottom of the Sch A.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Terry53029
Level 14
Level 14

I they are fees for an IRA that you pay outside of the IRA you can still deduct on schedule A line 16

msmith7305
Level 7

I do not agree. No matter how paid they are not deductible anymore for federal purposes

pacoford
Level 4

Your info was precise...our state of Colorado does NOT allow it at this time to whom it may concern. Thank you!!!