Client with a small business invested inheritance in 2009. Broker management fees for 2018 were $1200 more or less. Could she claim those fees as commissions and fees on her schedule C?
-
-
Doesn't sound related to her biz from your description. No. They were A Misc 2% in prior years, right? Even a Sch C is disregarded, so things go where they would go, so no. -
Did client invest the inheritance in the business? In the business' name? Sounds like it is in a personal stock/bond/mutual fund account.Comment
-
I would first look at the account registration. Is it registered to his SS or business EIN?Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDRComment
-
Thanks to everyone for your opinions. I declined to use the deduction in Sch C.
24 days and counting.............Comment
Comment