Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 18, 2025 1:31:53 PM

I have subscription expenses associated with stocks and crypto trading. Can they be deducted from my income taxes?

0 1 1501
1 Replies
Level 15
Mar 18, 2025 1:39:16 PM

If you are so active that you report your trades as a business on schedule C (this is uncommon, seek professional advice if you trade this much) then you can deduct ordinary and necessary expenses, including publications that give investing advice.  Typical investors who are not engaged in investment as their main business can't deduct expenses.