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K
kcandcc
April 10, 2025
Question

Fidelity Account Fees

  • April 10, 2025
  • 1 reply
  • 0 views

Are Fidelity Account Fees for managing my portfolio which includes my IRA deductible on my California tax return?  If so, where do I enter the information? 

    1 reply

    M
    MayaD
    April 10, 2025

    Yes it is deductible on CA return but they are limited to expenses that exceed 2% of your federal AGI (Adjusted Gross Income). 

    Franchise Tax Board.

     

    Enter the expenses on your Federal return and TurboTax will carry over the information to CA return. 

    1. Go to Deductions and Credits
    2. Scroll down to Retirements and Investments 
    3. Select Other Investment Expenses.

     

     

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