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I would argue that the balance transfer fee is a personal expense and not at all deductible.
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 ordinary
and necessary expenses paid or incurred:
To produce or collect income, or
To manage property held for producing in-
The expenses must be directly related to the
income or income-producing property, and the
income must be taxable to you.

The balance transfer fee doesn't meet either of these conditions.

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