WW Real estate, investments 2016_1

There are two deductions that taxpayers often overlook with regard to their investments: net investment interest and investment advisor fees. Both are usually found buried in the “Tax Documents” you receive covering your investments.

Investment interest. Margin interest.is usually considered investment interest. It is deductible to the extent of your net income from investments for the taxable year. Net income from investments includes all rents, royalties, dividends, and interest. Qualified dividends and long-term capital gains do not count as investment income unless you elect to have them taxed as regular income.

Investment advisor fees are deductible as Miscellaneous Deductions, discussed elsewhere in this issue.

My advice: Tax law is a subject where you don’t know what you don’t know. A no risk way to find out what you are missing is to try my *FREE 1/2 Hour Offer*.

Call me if you are interested new laws containing big tax breaks for landlords or tenants who pay for certain commercial leasehold improvements.

About Wis Laughlin

I help clients with tax preparation and IRS representation, estate planning, and complex contracts, including LLC's. As a former IRS tax attorney in their National Office. Law.com picked Wis in 2017 and several prior years as one of the Top Tax and Estate Lawyers in Tennessee. I am your advocate, not your accountant. I don't tell you what you can't do. I show you how to do it.
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