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What Are Investment Expenses and Which Are Tax Deductible? Investment expenses include costs tied to managing or producing investment income, such as advisory fees, custodial fees and research subscriptions But can you deduct investment-related expenses on your tax return? Under current tax law, most miscellaneous itemized deductions—including investment expenses—were suspended through 2025 by the Tax Cuts and Jobs Act This means that, for now
Investment Expense: Whats Tax Deductible? | Charles Schwab To determine your deductible investment interest expense, you need to know the following: Your net investment income, which normally includes ordinary dividends and interest income It does not include investment income taxed at the lower, long-term capital gains tax rates or municipal bond interest, which is not taxed at all