Where are fees and commissions for investments deducted?
• How do I deduct and substantiate my gambling losses ? • I just bought a home . What can I deduct from the settlement statement? • Is the mortgage interest and property tax on a second residence deductible? • I have a mortgage for my primary residence and a second mortgage for land that I intend to build a home on . Can the interest for the second mortgage be deducted? • I paid my mother’s mortgage and real estate taxes last year. The house is in her name. Can I deduct the mortgage interest and property tax on my tax return? • I took out a home equity loan to pay off personal debts . Is this interest deductible? Where do I enter this amount on my tax return? • May I deduct my home improvements and repairs to my home? • Our garage caught fire this last July. Can we claim a loss on our income tax? • Is personal credit card interest tax deductible? return? Q: What is “itemizing” and is it beneficial to me? A: “Itemizing” is listing on Form 1040, SCHEDULE A all amounts you paid during the