### Question
How does the law define investment expenses?


### Answer
Under *26 U.S.C. § 163*, **investment expenses** is defined as:

> the deductions allowed under this chapter (other than for interest) which are directly connected with the production of investment income

#### Citation:
  - *26 U.S.C. § 163*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

