Investment Expense Fees Capped

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  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #16
    Not really any difference as a rule. At least as far as the tax treatment of them.

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    • MANDAN
      Junior Member
      • Dec 2015
      • 25

      #17
      Broker fees

      So if a broker manages client's pension, say about $700,000 and charge 1%, $7000 per year. Client take out 4%, 28000 per year. Do you deduct $7000 on line 23, schedule A, or deduct 7000x0.04=2800 on his schedule A?

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      • Burke
        Senior Member
        • Jan 2008
        • 7068

        #18
        Sounds like you may be talking about a 401K? Pre-tax account fees taken out of the account by the manager are not deductible.

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