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richardfelliott
New Member

Can I deduct a placement fee for in an investment fund as an investment expense?

 
1 Reply
CathiM
New Member

Can I deduct a placement fee for in an investment fund as an investment expense?

Yes, placement fees are considered investment expenses. According to the IRS "Investment expenses include interest paid or incurred to acquire investment property and expenses to manage or collect income from investment property. "  Click on this link for more information: Publication 550 (2016), Investment Income and Expenses.



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