How to allocate / override investment expenses on Form 8960? Amounts not carrying to Form 8960 worksheet + can advisory fees be deducted there if not allowable on Sch A?

tim-singleton · ‎12-07-2019

sjrcpa · ‎12-07-2019

Only expenses that are deductible elsewhere on the return count as 8960 investment expenses.

Ex-AllStar

tim-singleton · ‎12-07-2019

Thanks for the input. Is your answer based on a reference/source that you would be kind enough to provide?

sjrcpa · ‎12-07-2019

It probably is but I do noot have a cite.

Ex-AllStar

sjrcpa · ‎12-07-2019

Here is another discussion https://www.taxprotalk.com/forums/viewtopic.php?f=8&t=14797

Ex-AllStar