Publication 550

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Investment Income and Expenses


This publication provides information on the tax treatment of investment income and expenses. It explains what investment income is taxable and what investment expenses are deductible. It explains when and how to show these items on your tax return. It also explains how to determine and report gains and losses on the disposition of investment property and provides information on property trades and tax shelters.

The glossary at the end of this publication defines many of the terms used.

Investment income. This generally includes interest, dividends, capital gains, and other types of distributions.

Investment expenses. These include interest paid or incurred to acquire investment property and expenses to manage or collect income from investment property.


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