These miscellaneous tax deductions were eliminated a year ago (effective January 1, 2018) by the Tax Cuts and Jobs Act but some people are just leaning about the change now:
- Appraisal fees
- Casualty and theft losses for personal property
- Expenses incurred in performing services as an employee
- Clerical help for investments
- Office rent for investments
- Depreciation on office equipment and computers for investments
- Excess deductions (including administrative expenses) allowed a beneficiary on termination of an estate or trust
- Fees for IRA
- Fees to collect income, interest and dividends
- Hobby expenses
- Indirect miscellaneous deductions from pass-through entities
- Investment fees and expenses
- Legal fees related to producing or collecting income
- Loss on deposits in an insolvent or bankrupt financial institution
- Loss on traditional IRAs or Roth IRAs, when all amounts have been distributed to you
- Moving expenses
- Repayments of income
- Repayments of social security benefits
- Safe deposit box rental
- Service charges on dividend reinvestment plans
- Tax advice
- Tax preparation fees
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