Thankfully, losses are considered a miscellaneous deduction and not subject to the 2% limit.

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Personal legal expenses aren't deductible but those related to one's job can be claimed as a miscellaneous deduction.

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Enter losses as a "miscellaneous deduction" on Schedule A. You can deduct a loss only up to the amount of the win you report in the same year.

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The cost of your gold insurance can be a miscellaneous itemized deduction--if you take those.

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If you have investor tax status, take your chances with a miscellaneous itemized deduction in 2012, rather than in 2013.

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Yes, you can list your losses as a miscellaneous itemized deduction--but you can't deduct more than the total amount of your winnings.

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This rule allows trustees a full deduction only for miscellaneous itemized deductions that "individuals are incapable of incurring"--taken literally, that could mean virtually no administrative cost of a trust is fully deductible.

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