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New Member
posted Oct 30, 2019 2:02:45 AM

Can an individual (not self-employed) claim investment expenses on an accrual basis rather than cash basis? Can I deduct Q4 2016 fees paid in Jan 2017 against 2016 income?

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1 Best answer
Level 6
Oct 30, 2019 2:02:46 AM

Thank you for your question.

Investment expenses must be claimed on cash basis, so you will claim which was paid in 2016.

1 Replies
Level 6
Oct 30, 2019 2:02:46 AM

Thank you for your question.

Investment expenses must be claimed on cash basis, so you will claim which was paid in 2016.