Investment Fees Are Not Deductible But Borrow Fees Are (Interactive Brokers)

19 Jul

Jul 19, 2018 at 12:00 pm EST for 60 minutes

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The Tax Cuts and Jobs Act suspended “certain miscellaneous itemized deductions subject to the two-percent floor,” which includes “investment fees and expenses.” However, the new law retained “other miscellaneous deductions” not subject to the two-percent floor, including short-selling expenses like stock borrow fees.

Join Robert A. Green to learn how to navigate through all of these changes.

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Dear Darren, I'd just like to thank you for preparing my 2015 taxes.  Even though I've stopped trading for awhile, I've built up such confidence in your company that I'll be continuing with you next year. Best regards

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