Stock Markets Exposed

are stock trading expenses, eg, trading software, deductible?

Public Comments

1. Yes, they are.
2. I know subscriptions to things like The Motley Fool are deductible against capital gains. I would assume that trading software would be too.
3. I gave an incorrect answer earlier reguarding SLV taxes and I hope this one is not incorrect also. I do not believe they are deductable against capital gains. There is a section on Schedule A--miscellaneous deductions--where you are allowed to take them. But they have to total more than 2% of your adjusted gross income to be allowed and only to the extent that they are greater unless you are a professional trader. Then they are considered a business expense on Schedule C.