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

19 Jul

Jul 19, 2018 at 12:00 pm EST


Recording

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.

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