Fee is general quarterly fee charged to manage my securities and was not on the 1099-B from brokerage. This brokerage charges transaction commissions thru the general quarterly management flat fee. Confused on which of the 2 sales I would allocated the fee increasing the basis. Does this raise a red flag with IRS for the covered transaction since they receive a Form 8949 showing a higher basis without the account fee deducted? If so and this is allowable should I use all of the fee to increase the basis for the un-coverred, non-reported sale? Just want to do this by the rules. Thank you
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last updated
April 19, 2021
7:05 AM