A Registered Investment Adviser

 

Client Tax Information

Tax reports are available on our custodian's website. To view, log in below and click Report Management / Tax Forms.

  • Form 1099 lists interest & divdiend income.
  • A completed Schedule D lists capital gains.

 

 


  

 

Deductibility of Fees

Fees paid to any investment manager are theoretically tax deductible, but the issue is a bit confusing..

We do not dispense specific advice, but this is our general understanding:

  • Investment management fees can be itemized on Schedule A as miscellaneous deductions.
  • There is a ">2% of income" rule.
  • Only fees paid from taxable accounts or Roth IRA's can be listed -- not Traditional or SEP IRA accounts.
  • Taxpayers incurring AMT do not end up getting any deduction.

Seek guidance from your tax advisor for further information.

 

 

  

Legal Disclaimer:
This site is for general information about our services. It constitutes neither a solicitation or offer to sell securities, nor specific investment advice. Teewinot's Form ADV Part II - which details our business practices - is available upon request, or at the "Download Documents" link above..