Hello - I trade stocks. I often short securities, for which I pay a borrow fee to the lender. Additionally, my broker lends stocks which I own to other short sellers who pay me interest income.
I received $10k in income from lending securities, which is reported in a 1099-MISC from my broker. I paid $5k in borrow fees (reported on my 1099 Supplemental Information as "SHORT SALE BORROWING FEES").
Can I net the $10k against the $5k? If not, is there any way to deduct the $5k filing as an individual?
