Author Question: Sacha, a dentist, has significant investment assets. She holds corporate bonds, municipal bonds, ... (Read 130 times)

Shelles · **on:** Sep 13, 2020

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.

lkanara2 · **Reply #1 on:** Sep 13, 2020

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