Deducting vehicle expenses for Investment activity

Home Fairmark Forum Other Tax Topics Deducting vehicle expenses for Investment activity

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  • #5470
    cricket59
    Participant

    HRBlock 2019 program has a deduction entry for “Vehicle Used in Investment”. Deduction is calculated properly but will not show up on deduction summary or on the actual 1040 return. I have tried repeatedly to get an answer for HRB support to no avail. TurboTax does not show such a deduction. I am puzzled as to whether this deduction is allowed or not.

    #6631
    Lewis-H
    Participant

    So while several deductible investment expenses have been eliminated, you may still be able to write off a few of your investment costs in 2019 and beyond.

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