Investment-Related Expenses
If you have investment-related income, it's likely that you'll
have at least a few investment-related expenses as well. In addition
to the benefits of claiming any deduction, it is also important to
keep track of your investment-related expenses if you are subject
to the net investment income tax. Net investment income can be reduced
by any properly allocable expense before computing the tax.
Many
investment-related expenses are classified as miscellaneous itemized
deductions, which are only deductible to the extent that they exceed
2 percent of your adjusted gross income.
However, if you have
interest expenses related to your investments, it may be a different
story. Read on to see how to deduct:
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