Deductible Investment-Related Expenses

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Deductible Investment

Do you invest in stocks, bonds or mutual funds? If you do, you may be able to deduct certain expenses related to your investments. To be deductible, the expenses must be ordinary and necessary and related to the production of taxable income, or for the management of property held for the production of income, reports the Michigan Association of CPAs.

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Investment expenses are deductible as miscellaneous itemized deductions on Schedule A of your tax return. When your investment portfolio includes both taxable and tax-exempt securities, you can deduct only those expenses that are related to the taxable securities.

The investment-related expenses

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