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Can these expenses be deducted?I started investing in 2021 and I purchased books, algo software and some other expenses to maintain my stock and options investment.

 
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Can these expenses be deducted?I started investing in 2021 and I purchased books, algo software and some other expenses to maintain my stock and options investment.

After tax reform, those miscellaneous investment expenses are no longer deductible.

 

You would have to itemize on Schedule A and they would have to exceed the 2% floor even if they were deductible.

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Can these expenses be deducted?I started investing in 2021 and I purchased books, algo software and some other expenses to maintain my stock and options investment.

No, there is no deduction for those expenses. 

Can these expenses be deducted?I started investing in 2021 and I purchased books, algo software and some other expenses to maintain my stock and options investment.

After tax reform, those miscellaneous investment expenses are no longer deductible.

 

You would have to itemize on Schedule A and they would have to exceed the 2% floor even if they were deductible.

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