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

By: v b

v b — Tue, 22 Dec 2009 09:35:15 +0000

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.

bostonianinmo — Tue, 22 Dec 2009 06:54:52 +0000

Investment fees are a miscellaneous itemized deduction subject to the 2% AGI limit. Claim them on Schedule A.