Q: I'm wondering if the management fees on ETFs and Mutual funds are tax deductible? My tax software ask for "Management and safe custody fees" and it tweaked my interest and this question. Sorry it is so late. If possible can you answer this weekend? Thanks for the great service.
5i Research Answer:
No; managed account fees are (as in a discretionary account held at a brokerage) but ETF and mutual fund fees are not. But they are deducted from asset value, so do lower realized gains, so in a way there is some (minor) tax impact embedded already.