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Can you deduct stock website membership fees?

Updated: 8/18/2019
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Wiki User

8y ago

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Yes, you can deduct them either as an itemized deduction if you are filing a personal return, or if you are treating it as a business you can deduct them as an itemized deduction. The problem is that's not very fun because most people typically take the standard deduction. Maybe you were considering offering business advice, and as such the subscriptions are an expense. So, you could deduct them on a Schedule C.

Generally I write mine off as a business expense because I have a business which deals with investments, because if they go as an Itemized Deduction I lose them at some point.

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8y ago
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