What fund manager fees are deductable?

[ripvanwinkle]

What investment management fees are deductable if any? My managed funds had $150 in fees paid last year. I have a Roth, a IRA and a general account.

[mwcpa]

generally you cannot deduct expenses that generate tax free income
generally you can deduct the expenses associated with taxable income as a miscellaneous itemized deduction, subject to the 2% AGI limit.

[ripvanwinkle]

So my expenses on my taxable accounts are deductable. Specifically, my general stock investment and my IRA accounts. My Roth would not qualify since.

Which form do I use?

[mwcpa]

Schedule a