Archive for March 2016

Is Your Financial Advisor a Tax Deduction?

Allow me to explain what this means.  Investment management fees are a tax-deductible expense.  They can be reported on Line 23 under Schedule A, Itemized Deductions, subject to 2% of your adjusted gross income.  The Internal Revenue Service allows you to deduct certain investment expenses incurred on your taxable investments.  These types of deductible expenses include costs associated with paying for professional…

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