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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.

 
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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 

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