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Old 04-11-2016, 11:22 PM
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Join Date: Apr 2014
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Are Investment Payments Tax Deductable?

Hello,

I am filing as Individual in the state of New York.

In 2015, I opened an investment account, a mutual fund operated by a broker and handled through TD Ameritrade. The amount deposited, essentially "paid" (at least, according to my statements and account), was $200,000. Is this amount, which is no longer in any of my accounts, but instead with the investment firm, tax deductible in some way? And if so, under what portion/form?

I am doing my taxes myself, using TurboTax.

Thanks for any help!



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