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Financial Planning / Tax Strategies


Subject:  Re: deductible or not? Date:  2/17/2002  8:18 AM
Author:  hghcpa Number:  59031 of 128043

Investment advice" -stuff like TMF membership, Morningstar subscription, WSJ, etc. -is deductible if you have investments, right?


yes - schedule A - misc deduction, so you receive no benefit unles you itemize your deductions and the total misc expenses exceed 2% of your income

What if your investments are all in 401ks, 403bs, or IRAs? In other words, what if all of your investments are in tax deferred accounts

Still deductible - remember... the 401k will one day be taxable to you!!

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