Are mutual fund expenses deductible?

Answer On One Hand: Mutual Funds Deduct ExpensesOn each mutual fund statement, fees and expenses have been deducted from the share price before it is reported. These include transaction expenses, manageme... Read More »

Top Q&A For: Are mutual fund expenses deductible

Are mutual fund fees tax deductible?

Mutual funds that are publicly offered along with the corresponding expenses, don't pass for tax deductions. Fees and expenses from non-publicly offered mutual funds are eligible for tax deductions... Read More »

The Main Similarities & Differences Between a Hedge Fund & a Mutual Fund?

Hedge funds and mutual funds are both investment vehicles and attract investors looking for professional investment management. While hedge funds are set up through private offerings, mutual funds ... Read More »

What is the difference between a hedge fund&a mutual fund?

Hedge and mutual funds are investment instruments that benefit from diversification and professional management. The strategies and regulations that characterize each investment diverge significant... Read More »

Are IRS audit expenses deductible as miscellaneous expenses?

Any legal fees for tax advice, any tax advice fees and any tax preparation fees are miscellenous deductions. These fees are subject to a 2 percent of adjusted gross income limit. Taxpayers can dedu... Read More »