Submitted By: someone
Answered: February 20, 2019 9:28 pm

Can I deduct the cost of financial publications and a safety deposit box?

For 2018 through 2025, the miscellaneous itemized deduction for investment-related costs is not deductible. Before 2018, these amounts were subject to the 2%-of-adjusted-gross-income floor. After 2026, such amounts may be deductible (assuming total costs exceed the 2% floor).

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Tax Glossary

Passive activity loss rules

Rules that limit the deduction of losses from passive activities to income from other passive activities. Passive activities include investment rental operations or businesses in which you do not materially participate.

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