How To Report Investment ExpensesTo deduct your investment expenses, you must itemize deductions onSchedule A (Form 1040). Enter your deductible investment interestexpense on line 13, Schedule A. Include any deductible short saleexpenses. (See Short Sales in chapter 4for information onthese expenses.) Also attach a completed Form 4952 if you used thatform to figure your investment interest expense. Enter the total amount for your other investment expenses (otherthan interest expenses) on line 22, Schedule A. List the type andamount of each expense on the dotted lines next to line 22. (Ifnecessary, you can show the required information on an attachedstatement.) Include the total on line 23 with your other miscellaneousdeductions that are subject to the 2% limit. For information on how to report amortizable bond premium, seeBond Premium Amortization, earlier in this chapter. |