are portfolio management fees tax deductible
If you pay an investment manager to manage your portfolio, then you may be able to deduct the fees that you pay for this service, as they are considered deductible expenses by the Internal Revenue Service (IRS) as long as certain conditions are met.
Answer: The IRS considers investment management fees as expenses for the management of property held for the production of income and allows you to deduct them as a miscellaneous itemized deduction along with other miscellaneous itemized deductions including tax preparation fees.