I have an offshore bank account duly disclosed to the IRS and FinCEN.
The bank account earns some interest (on which I pay tax to the IRS)
but the financial institution charges a monthly "Maintenance Fee".
This is a fee that in Europe is becoming more and more common when the
account holder resides in another country.
The bank account is strictly for personal use. No business is
conducted using that account.
Even though I do not itemize deductions, is there a way for me to
deduct the monthly "Maintenance Fee" from my U.S. tax returns? How,
- posted 3 years ago