Financial Information
Can a costly stock investing seminar/trading program be a tax deduction?
Question : Can a costly stock investing seminar/trading program be a tax deduction?
My wife purchased a stock investing education program from Investools for $ 5400. Can this be written off on my tax return as a deduction?
stock investing
Best answer:
Answer by Doctor J
I believe you can write it off against investment earnings. For $ 5400, it must have made you a lot of money! Best if you ask you CPA.
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#2 written by Goofy law student 1 year ago
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#4 written by bubba1pup 1 year ago
It all depends on if you borrowed the money to buy the shares or if you paid for them outright if you borrowed and still owe money on the loan then you can negative gear the shares at tax time, speak to your accountant, because if you are uses the investment for an income you will have to pay tax on the earnings.
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It depends if your stock trading is a business.
If it isn’t and simply anvesting well it isn’t.