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

TaxGirl11
Level 3

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 Comment 1
sjrcpa
Level 15

No. Only expenses that are deducted on Schedule A.

The more I know, the more I don't know.