How do I deduct investment advisory fees paid for professional investment services on my 2008 federal taxes?

dar

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!

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2 Responses to How do I deduct investment advisory fees paid for professional investment services on my 2008 federal taxes?

bostonianinmo December 22, 2009 at 6:54 am

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Investment fees are a miscellaneous itemized deduction subject to the 2% AGI limit. Claim them on Schedule A.
v b December 22, 2009 at 9:35 am

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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.