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October 2, 2022
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Can these expenses be deducted?I started investing in 2021 and I purchased books, algo software and some other expenses to maintain my stock and options investment.

  • October 2, 2022
  • 2 replies
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Best answer by Anonymous_

After tax reform, those miscellaneous investment expenses are no longer deductible.

 

You would have to itemize on Schedule A and they would have to exceed the 2% floor even if they were deductible.

2 replies

Employee
October 2, 2022

No, there is no deduction for those expenses. 

Employee
October 2, 2022

After tax reform, those miscellaneous investment expenses are no longer deductible.

 

You would have to itemize on Schedule A and they would have to exceed the 2% floor even if they were deductible.