I would argue that the balance transfer fee is a personal expense and not at all deductible.Why?Certainly seems like an expense for an investment to me. But I'm not an expert on this.From IRS Pub. 550:To be deductible, these expenses must be ordinaryand necessary expenses paid or incurred: To produce or collect income, or To manage property held for producing in- come. The expenses must be directly related to theincome or income-producing property, and the income must be taxable to you. The balance transfer fee doesn't meet either of these conditions.Ira
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