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
Level 3
posted Jun 29, 2024 5:06:44 PM

Can I deduct investment expenses, such as the cost of investment online class, on form 8960 line 9c

Can I deduct investment expenses, such as the cost of investment online class, on form 8960 line 9c?

0 2 18868
2 Replies
Level 12
Jun 29, 2024 5:12:20 PM

No. 

Line 9c—Miscellaneous Investment Expenses

Investment expenses you incur that are directly connected to the production of investment income are deductible expenses in determining your net investment income. Generally, these amounts are reported on Form 4952, line 5. See Form 4952 for the instructions for line 5 for more information. The amounts reported on line 9c are the amounts allowable after the application of the deduction limitations imposed by sections 67 and 68.

Level 12
Jun 29, 2024 5:12:54 PM

Note the caveat for the worksheet