IRS Publication 550

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Definition of 'IRS Publication 550'

IRS Publication 550, Investment Income and Expenses, is an Internal Revenue Service (IRS) publication that provides information on how to report investment income and expenses on your tax return. The publication covers a wide range of topics, including:

* Types of investment income
* How to report investment income on your tax return
* How to deduct investment expenses
* How to report capital gains and losses
* How to claim the investment interest expense deduction
* How to report foreign investment income

IRS Publication 550 is an important resource for anyone who has investment income. It provides clear and concise information on how to report your investment income and expenses on your tax return.

The publication is available online at the IRS website. You can also order a copy by calling the IRS at 1-800-829-1040.


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