Are investment management fees deductible on form 1041, like on line 15a Other Deductions? (2024)

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Are investment management fees deductible on form 1041, like on line 15a Other Deductions? (2)

Expert Alumni

‎June 4, 20194:22 PM

Are investment management fees deductible on form 1041, like on line 15a Other Deductions?

No. The TCJA suspended the deduction for miscellaneous itemized deductions for individuals until 2025. Tax rules for estates and trustssay that fiduciary tax laws follow individual tax law, unless they are explicitly exempted. Therefore, estates and trusts can no longer deduct investment advisor fees either.


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1 Reply

Are investment management fees deductible on form 1041, like on line 15a Other Deductions? (4)

Expert Alumni

‎June 4, 20194:22 PM

Are investment management fees deductible on form 1041, like on line 15a Other Deductions?

No. The TCJA suspended the deduction for miscellaneous itemized deductions for individuals until 2025. Tax rules for estates and trustssay that fiduciary tax laws follow individual tax law, unless they are explicitly exempted. Therefore, estates and trusts can no longer deduct investment advisor fees either.


10,938

Are investment management fees deductible on form 1041, like on line 15a Other Deductions? (2024)
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