2006-10-27 14:01:12 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
It depends. All bank fees could be deductible if they were charged to an account used exclsively for a trade or business. The same goes if you had an account used exclusively for a building rental.
If this was just your personal account, with nothing particularly spcial going on, then the fees are not deductible.
2006-10-27 15:36:02 · answer #1 · answered by tax_black_belt 2 · 0⤊ 0⤋
The only bank fee that is a deductible on a personal level is the fee for cashing a CD early. Overdraft fees are never deductible, even on a business return as they aren't a "necessary or ordinary" expense.
2016-05-22 02:03:43 · answer #2 · answered by ? 4 · 0⤊ 0⤋
NO, neither is your interest on your credit cards.
2006-10-27 14:06:24 · answer #3 · answered by Dan S 7 · 1⤊ 0⤋
No they arent't sorry.
2006-10-27 15:04:40 · answer #4 · answered by linluv2001 2 · 0⤊ 0⤋
No they are not.
2006-10-27 14:33:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋