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How to deduct Investment Expenses on form 8960? Specifically Advisory (Brokerage) fees? They are not picked up from Sch A or 4952, but they are deductible on the Form.

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Level 15

Did it exceed 2% of the AGI?

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Level 15

Did it exceed 2% of the AGI?

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Still an AllStar

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Level 2
No, it didn't.  Does that matter for the 8960?
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Level 15
It won't affect F.8960.  Only investment expenses exceeding the 2% floor and adjusted for overall limitation will be netted against the investment income for NIIT purposes.
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Thank you so much for the explanation.
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Level 15
YAVW
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