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Are bank charges deductable wrt interest earned?

Posted 10 November 2014 under Tax Q&A


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I have a money market account and am charged a monthly fee. Can I deduct this from my gross interest?

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
10 November 2014 at 17:01

No unfortunately you cannot.


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