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Submitted By: someone
Answered: June 16, 2019 9:31 pm
Answered: June 16, 2019 9:31 pm
Are my investment fees deductible?
For 2018 through 2025, you cannot deduct investment fees. These fees are treated as miscellaneous itemized deductions subject to a 2% of adjusted gross income floor; these deductions have been suspended for this period.
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Tax Glossary
Modified adjusted gross income (MAGI)
This is generally adjusted gross income increased by certain items such as tax-free foreign earned income. MAGI usually is used to determine phaseouts of certain deductions and credits.
