Other tax deductible expenses?

2 ⤊

Other tax deductible expenses?

What qualifies as an other tax deductible expense on line 23 of the schedule A?

If I paid a family member a fee to do stock market research for me, can I deduct this payment?

2007-12-18 02:23:30 · 3 answers · asked by cl3v3r boy 3 in Business & Finance ➔ Taxes ➔ United States

3 answers

NO!.
Other will include work related travel expenses, CPA tax preparation, medical expenses, if applicable, etc., which are not reimbursed.

2007-12-18 02:32:34 · answer #1 · answered by ed 7 · 0⤊ 0⤋

certain legal and accounting fees in managing property used for earning income.... no personal

stock market to me would not qualify.

2007-12-18 11:57:37 · answer #2 · answered by Rockyrocks 2 · 1⤊ 0⤋

Probably to the extent that the family member claims that fee as income.

2007-12-18 10:31:31 · answer #3 · answered by bobby d 6 · 1⤊ 2⤋