How to allocate / override investment expenses on Form 8960? Amounts not carrying to Form 8960 worksheet + can advisory fees be deducted there if not allowable on Sch A?

[sjrcpa · Accepted solution]

Only expenses that are deductible elsewhere on the return count as 8960 investment expenses.

[tim-singleton]

Thanks for the input. Is your answer based on a reference/source that you would be kind enough to provide?

[sjrcpa]

It probably is but I do noot have a cite.

[sjrcpa]

Here is another discussion https://www.taxprotalk.com/forums/viewtopic.php?f=8&t=14797