In 2022, Larry and Susan each invest $10,000 in separate investment activities. They each incur deductible expenses of $800 associated
In 2022, Larry and Susan each invest $10,000 in separate investment activities. They each incur deductible expenses of $800 associated with their respective investments. Explain why Larry’s expenses might not be deductible and Susan’s expenses might be appropriately classified as deductions for AGI.
Investment expenses associated with rental property or royalty property are deductibl…View the full answer
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