Bank charges deductible ?
Posted: Wed Jul 11, 2018 10:03 pm
If you receive interest payments from an investment portfolio at a foreign bank you have to report these interest payments in your income tax return. This is clear.
However, the question is :
The bank charges you fees for running your portfolio. Can you deduct these fees from the interests you report in your tax return ?
However, the question is :
The bank charges you fees for running your portfolio. Can you deduct these fees from the interests you report in your tax return ?