Is investment management (for managing your own investments) a valid small business from tax standpoint ?

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Is investment management (for managing your own investments) a valid small business from tax standpoint ?

I was wondering if subscriptions to investment newsletters can be deducted while filing taxes. Normally - these need to go over a 2% of AGI cap for them to be deductible. However - if these can be considered a business expense - then it might be deductible - right?

2007-03-28 11:30:34 · 2 answers · asked by ra 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

ANYTHING MADE IS TAXABLE.SO IF IT IS UNDER $12,000 IN ITS OWN BRACKET YOU WILL GET A REFUND.

2007-04-01 06:44:10 · answer #1 · answered by Marcel SJ Rossignol 2 · 0⤊ 0⤋

Not for managing your own investments, unless you are a day trader.

2007-03-28 11:40:24 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋