If you have investments, you may be able to claim related carrying costs and investment expenses. Carrying costs include fees such as a safety deposit box rental or fees paid to an investment advisor. You can also claim interest expenses on the money that you borrow to for certain investments.
You can deduct interest and carrying charges incurred to earn income from securities, bonds and other investments, if they are earning investment income. The requirement of earning income generally means that the investments should be paying interest or dividends.
