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).

Tax Glossary

Real estate investment trust (REIT)

An entity that invests primarily in real estate and mortgages and passes through income to investors.

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