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Old 05-14-2004, 07:26 AM
Harlan Lunsford
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Default Re: Deducting expenses for managing personal funds?

AES/newspost wrote:

- quote -

> Retiree, retirement funds primarily in TIAA-CREF
> (non-annuitized), some consulting, rental and royalty
> income. IRS return each year includes Schedules C and E.
> I've been assuming that most direct out-of-pocket expenses
> for "managing" our finances ought to be deductible as
> business expenses -- e.g., $30 in notary fees for mandatory
> notarizing of wife's signature in several places on forms
> needed to make annual mandatory minimum withdrawals from
> husband's TIAA-CREF account.
> Correct?


If you're meaning deductible on schedules c or e, then nope.
It would/could only be a schedule a deduction, since it has
nothing to do with business or rental/royalty income.

Cheer$,
Harlan Lunsford, EA n LA

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Old 05-14-2004, 01:48 AM
AES/newspost
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Posts: n/a
Default Deducting expenses for managing personal funds?

Retiree, retirement funds primarily in TIAA-CREF
(non-annuitized), some consulting, rental and royalty
income. IRS return each year includes Schedules C and E.

I've been assuming that most direct out-of-pocket expenses
for "managing" our finances ought to be deductible as
business expenses -- e.g., $30 in notary fees for mandatory
notarizing of wife's signature in several places on forms
needed to make annual mandatory minimum withdrawals from
husband's TIAA-CREF account.

Correct?

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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