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Level 1
June 3, 2019
Solved

Is a subscription to Morningstar deductible

  • June 3, 2019
  • 1 reply
  • 27 views
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Best answer by Leonard11_2

No, a subscription to Morningstar is not deductible in 2018. 

In prior years a subscription to Morningstar could be deducted as a 2% miscellaneous itemized deduction.

However, the Tax Cuts Jobs Act of 2017 suspended the 2% miscellaneous itemized deductions for the years 2018 through 2025.

 

[Edited 03/10/2020 | 12:42 pm PDT]

 

1 reply

Level 10
June 3, 2019

No, a subscription to Morningstar is not deductible in 2018. 

In prior years a subscription to Morningstar could be deducted as a 2% miscellaneous itemized deduction.

However, the Tax Cuts Jobs Act of 2017 suspended the 2% miscellaneous itemized deductions for the years 2018 through 2025.

 

[Edited 03/10/2020 | 12:42 pm PDT]