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blh64
New Member

FOREX trading Carry Over fees

I have carryover fees for trades held in 2024, along with a $65/mo fee for a VPN. How do these costs get reported on my taxes.  My other income is W-2 income. 

Thanks

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MarilynG1
Employee Tax Expert

FOREX trading Carry Over fees

Investment expenses (except for interest on loans used to purchase investments) are not deductible for tax years 2018-2025, following the tax reform law of 2017. 

 

However, you can enter them in your Federal return for 2024, as your state may allow the deduction.

 

Go to Deductions & Credits > Retirement & Investments > Other Investment Expenses (screenshot).

 

 

 

 

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