How to write off investing costs

Clients can claim tax deductions on their investment expenses, such as fees for professional investment advice, accounting and legal fees related to investment activities and subscriptions to online investment publications, according to MarketWatch. However, they cannot deduct costs related to tax-exempt securities, trading commissions, and travel expenses from participation in investment conventions and seminars, as well as stockholder meetings. Deductible investment-related expenses can be claimed if the total amount is more tan 2% of the investor's adjusted gross income. -- MarketWatch

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access