On which line of Schedule A are investment expenses included?

Investment expenses are reported on Schedule A under "Miscellaneous Deductions." Specifically, they are included on Line 28, which allows taxpayers to claim deductions for various expenses not specifically enumerated elsewhere on the form. This category encompasses expenses related to the production or collection of income, including investment expenses that exceed 2% of adjusted gross income (AGI).

It's important to note that investment expenses can include fees for investment advice, interest on money borrowed for investment purposes, and other related costs. Reporting these accurately ensures that taxpayers can benefit from the deductions available to them, thus potentially lowering their taxable income.

The other lines mentioned do not pertain to investment expenses specifically. Line 21 relates to other income, Line 12 is for state and local taxes, and Line 23 deals with gifts to charity. Therefore, understanding the specific classifications on Schedule A is crucial for effectively navigating tax deductions related to investments.