Deduction for wire expense?

W

wannabecpa

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Hi,

I formed an LLC (3 partners including myself) at the end of last year. Business purpose is currency trading. We have an account with a bank, and they charged us a few wire transfer fees when we moved funds to our trading account. I'm completing form 1065; can I deduct these wire transfer fees as expenses?
 
K

kirby

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Yes these were a necessary cost of business
 
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