Deduct Software Expenses?

Does anyone know the answer to the following tax question?

Can an investor deduct expenses associated with investing software? Note: I'm not going to claim Trader status. Just investor.

Specifically:
-I use TradeLog to create my Schedule D
-I use CSI's Unfair Advantage for market data
-50% of my Internet service is used for trading

Can I deduct these expenses on my Form 1040 Schedule A?

Thanks.

 

i think you can,if your expences exceed 2% of your AGI

 

Generally speaking, yes, but the expenses are reduced by 2% of your adjusted gross income.

Check IRS Pub 590.

I'm not a tax professional. Do your own due diligence.

 

Thanks for the info.

I entered the deductions into TurboTax but they didn't exceed the 2% limit, so it's all for naught anyways.

 

Set up an entity if you're interested in this. Info at http://www.greencompany.com. And other web sites as well. But always check with a CPA (and don't trust the IRS website or help line)