MaryK4
Expert Alumni

Investors & landlords

Investment expenses aren't deductible on your federal return, but some states allow you to deduct them on your state return.

 

The correct entry is Other Investment Expenses (see below). 

 

If you become a trader, you would be able to deduct expenses, but not if it is only part-time.  The IRS is VERY strict on the Trader in Securities rules.  See Topic No. 429 Traders in Securities.

 

[Edited 03/08/2021 | 11:08 PM PST]  @pngbushman 

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