Generally,expenses incurred in an investment activity other than those incurred to produce rent and royalties are deductions from AGI.

Name: Generally,expenses incurred in an investment activity other than those incurred to produce rent and royalties are deductions from AGI.
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Expenses incurred in an investment activity are typically considered miscellaneous itemized deductions, which are subject to limitations and not directly deducted from AGI.

Generally,expenses Incurred in an Investment Activity Other Than Those Incurred