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

It is legal to deduct fees paid to investment advisors on your federal income taxes. The general rule is that as long as the fees are related to taxable income. If the fees are paid to an advisor, either a stock broker or real estate broker in the form of a commission, after the purchase of an asset the fees are not deductable.

Management fees for IRA accounts, 401k account are other retirement accounts could be deducted from your IRS taxes. It is best to check with your tax accountant to find out what advisor fees are tax-deductable. Also, it is best to keep a separate ledger dividing account management fees and advisor fees paid following the purchase of investment assets, such as stocks and real estate.

That way your accountant can decide what fees can be deducted and which ones can not. According to IRS. Gov, it is permissible to deduct fees paid to advisors who offer advice that leads to the purchase of investment assets that produce taxable income, but not following a sale or purchase.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.