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Investment-Related Expenses

If you have investment-related income, it's likely that you'll have at least a few investment-related expenses as well. In addition to the benefits of claiming any deduction, it is also important to keep track of your investment-related expenses if you are subject to the net investment income tax. Net investment income can be reduced by any properly allocable expense before computing the tax.

Many investment-related expenses are classified as miscellaneous itemized deductions, which are only deductible to the extent that they exceed 2 percent of your adjusted gross income.

However, if you have interest expenses related to your investments, it may be a different story. Read on to see how to deduct:


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