turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

eberling5
New Member

I trade stocks daily, can I deduct expenses such as a membership to an advisory newsletter and educational forum dedicated to teaching effective risk management.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PaulaM
Employee Tax Expert

I trade stocks daily, can I deduct expenses such as a membership to an advisory newsletter and educational forum dedicated to teaching effective risk management.

Yes, those expenses would be deductible as an itemized deduction (Schedule A) under the miscellaneous expenses. The total miscellaneous expenses would have to exceed 2% of your adjusted gross income in order to receive a tax benefit.

https://ttlc.intuit.com/questions/2902781-what-is-the-2-rule 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies