Investment expenses treated as miscellaneous itemized deductions do not include:
A) investment interest expense and expenses for investment advice.
B) expenses for investment advice.
C) expenses incurred to generate tax-exempt income.
D) investment interest expense.
E) expenses incurred to generate tax-exempt income and investment interest expense.

Question

Quizplus · Accepted Answer

Investment expenses treated as miscellaneous itemized deductions do not include expenses incurred to generate tax-exempt income and investment interest expense. These are not deductible as miscellaneous itemized deductions.

Investment Expenses Treated as Miscellaneous Itemized Deductions Do Not Include