Investment expenses (other than investment interest expenses) are deductible beginning in 2018.

Question

Quizplus · Accepted Answer

Investment expenses (other than investment interest expenses) were previously deductible as miscellaneous itemized deductions subject to a 2% floor. However, with the Tax Cuts and Jobs Act of 2017, miscellaneous itemized deductions are no longer deductible for tax years 2018 through 2025. Therefore, investment expenses (other than investment interest expenses) are not deductible beginning in 2018.

Investment Expenses (Other Than Investment Interest Expenses) Are Deductible Beginning