Solved

Sacha,a Dentist,has Significant Investment Assets

Question 56

Multiple Choice

Sacha,a dentist,has significant investment assets.She holds corporate bonds,municipal bonds,stocks and mutual funds.Sacha paid $1,500 to an investment adviser to conduct a portfolio review and to prepare a recommendation for rebalancing her portfolio.Which of the following statements is correct regarding the tax treatment of the $1,500 fee?


A) Sacha can include the full fee as an investment-related expense in her miscellaneous itemized deductions.
B) Sacha can include the full fee as an investment-related expense in her "for AGI" deductions.
C) Part of the $1,500 fee will be disallowed due to the holding of the municipal bonds.
D) The $1,500 fee is not deductible.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents