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If the investment income is split 50% - 50% does the investment expenses such as Advisory Fees, also have to be split?
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posted
October 30, 2019
4:01 PM
last updated
October 30, 2019
4:01 PM
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If the investment income is split 50% - 50% does the investment expenses such as Advisory Fees, also have to be split?
You are each responsible for your own percentage/ration of the investment income claimed, as well as expenses claimed.
Example: If you split the income 50/50 yet one pays all the expenses than the other claims no expenses or proportionately if % shared.
October 30, 2019
4:01 PM
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If the investment income is split 50% - 50% does the investment expenses such as Advisory Fees, also have to be split?
You are each responsible for your own percentage/ration of the investment income claimed, as well as expenses claimed.
Example: If you split the income 50/50 yet one pays all the expenses than the other claims no expenses or proportionately if % shared.
October 30, 2019
4:01 PM