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Author Question: Sacha, a dentist, has significant investment assets. She holds corporate bonds, municipal bonds, ... (Read 116 times)

Shelles

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Sacha, a dentist, has significant investment assets. She holds corporate bonds, municipal bonds, stocks and mutual funds. Sacha paid $1,500 to an investment adviser to conduct a portfolio review and to prepare a recommendation for rebalancing her portfolio. Which of the following statements is correct regarding the tax treatment of the $1,500 fee?
◦ Sacha can include the full fee as an investment-related expense in her miscellaneous itemized deductions.
◦ Sacha can include the full fee as an investment-related expense in her "for AGI" deductions.
◦ Part of the $1,500 fee will be disallowed due to the holding of the municipal bonds.
◦ The $1,500 fee is not deductible.


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Marked as best answer by Shelles on Sep 13, 2020

lkanara2

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Shelles

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Reply 2 on: Sep 13, 2020
:D TYSM


ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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