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Level 3
April 3, 2022

What can you deduct as misc. investment expenses on Form 8960

  • April 3, 2022
  • 1 reply
  • 8 views

Can you deduct broker/investment fees on Form 8960 (Net Investment Tax) in Part II line 9c?  I am not asking about interest expense.  I am asking about the broker fees that we used to be able to deduct as a 2% misc item deduction back in the day.

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1 reply

sjrcpa
Level 15
April 3, 2022

No. Only expenses that are deducted on Schedule A.

The more I know the more I don’t know.