Are Investment Management Fees Tax Deductible?
Posted on June 26, 2012 at 12:18 PM EDT
BY DAVID JOHN MAROTTA I often get asked, “Are investment management fees tax deductible?” The answer is not a simple “yes” or “no.” Like many tax questions, the answer is “It depends.” Investment management fees are a tax-deductible expense. They can be listed on Schedule A under the section “Job Expenses and Certain Miscellaneous Deductions.” Line 23 includes [...]