Can I take Acorns as a deduction? : Should I just delete non deductions?

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Dixon Garcia

CPA, FlyFin

In General, investment transfers are not tax deductible. However, if you have sold an investment for less than the value you bought it, you can write off the capital loss as a tax deduction on your annual return to offset any capital gains you may owe the IRS. Please do not delete the non deductions. But review the deductions and non deductions and take action on possible deductions by moving the transactions to deductible/ non deductible.

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About Author

Dixon Garcia

CPA, FlyFin

Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.

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