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Deductions & credits
It seems like the 5% fee on the withdrawal of your principal is (mostly) unrelated to your taxable income. It is just the fee for using the site and therefore not deductible.
If you don't agree with that rationale, the other rationales, management fees, hobby expenses or gambling losses are also as undeductible (gambling losses are deductible, to the extent of winnings, but only as an itemized deduction).
‎December 26, 2020
1:04 PM
6,202 Views