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Deductible investment expenses?? « Brighton Securities
What can be deducted as an investment expense on your tax return?
Well, if you itemize your deductions, you can include investment expenses under miscellaneous itemized deductions on schedule A. Unfortunately, your miscellaneous itemized deductions have to exceed 2% of your adjusted gross income before they benefit your tax return. The investment expenses may include:
Safe deposit box rental. Investment subscriptions (Wall St. Journal, etc.) Long distance calls to your financial advisor. Taxi rides to your Brokers’ office, or parking fees. Fees for investment advice. Management fees. IRA fees if paid from outside the account. Investment classes or seminars. Custodial...News
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