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The Strange and Curious Tax Treatment of Investment Expenses This similarity in deductibility makes immense sense Neither trade or business expenses nor investment expenses appear to share the tradi-tional characteristic associated with non-deductibility: namely, personal consumption
Deductions Subject to the 2% Limit - fbaum. unc. edu You can deduct investment fees, custodial fees, trust administration fees, and other expenses you paid for managing your investments that produce taxable income
tax_update_2024 Year-end Deadlines Tax Moves Act now, with a trusted tax advisor! Last chance for your 2024 filing Hard stops on Dec 31, include completing a Roth conversion, contributing to charity, taking an RMD, and taking investment losses
26 CFR § 1. 212-1 - Nontrade or nonbusiness expenses . . . The deduction of an item otherwise allowable under section 212 will not be disallowed simply because the taxpayer was entitled under Subtitle A of the Code to treat such item as a capital expenditure, rather than to deduct it as an expense
Understanding Deductible Expenses When Closing an Estate or . . . Discover what expenses are deductible, which ones are not, and the guidance provided by Treasury Decision 9918 Find out how excess deductions are handled, and why this is crucial for both estates and trust beneficiaries
26 CFR § 1. 822-8 - Determination of taxable investment income. However, such expenses are deductible only to the extent that they relate to investment income and the deduction of such expenses is not disallowed by any other provision of subtitle A of the Code