03/11/2019
As investors file their tax returns, they’re discovering they can take fewer deductions related to investment expenses.
The new Tax Cut and Jobs Act, known as TCJA, wiped out a lot of the miscellaneous investment expenses that people wrote off previously, says David Faje, a certified public accountant and partner at Warady & Davis in Deerfield, Illinois.
Investors who are filing their 2018 tax return may be able to claim one of these deductions.