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Mar
25
dar asked:
What form do I use?
Is there a limit to the fees (I payed about $8K for investment fees)?
Do the fees get bundled into other “deductoins” so that I have to meet a threshold of expenses?
What form do I use?
Is there a limit to the fees (I payed about $8K for investment fees)?
Do the fees get bundled into other “deductoins” so that I have to meet a threshold of expenses?
Thanks all!
MOHAMED
Comments
bostonianinmo on 25 March, 2009 at 11:43 pm #
Investment fees are a miscellaneous itemized deduction subject to the 2% AGI limit. Claim them on Schedule A.
v b on 26 March, 2009 at 3:17 am #
If you have any tax-exempt income, you must prorate the fees between taxable and tax-exempt as only fees on taxable investments can be itemized.
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