How to Deduct Investment Management Fees Against the 3.8% Medicare Surtax
By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
Horsesmouth Essential: Net investment income can be reduced by investment expenses, including investment management fees. But can 100% of investment management fees offset net investment income, or are only a portion of the fees allowed after the 2%-of-AGI limitation? Here’s what you need to know about how much your clients may be able to deduct.