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Fine and dandy, sgresham, but folks who have not checked out the Foliofn site should be warned that the price of admission is $300 a year or so. This can be a good deal if you have a lot of money to invest or if you trade a lot. The Foliofn people give an example of a portfolio of $70,000. If you only had $7000, that fee would be excessive. If you had $700,000, you'd love it.

I think the tax consequences have to be minuscule. The expenses have to go on Schedule A.
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