- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You should report the IRS form 1099-B. If Vanguard is reporting an IRS form 1099-B to the IRS, the IRS will be expecting you to report that income on your 2023 Federal income tax return.
The Account Service fees are investment expenses and are not deductible for tax years 2018 through 2025. Prior tax law allowed you to report these expenses as miscellaneous itemized deductions subject to 2% of your adjusted gross income.
Some states still allow that deduction. If your state will allow that deduction, enter the fees under Other Investment Expenses under Retirement and Investments and Deductions and Credits on the Federal portion of TurboTax Online. The expenses will flow to the state income tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 14, 2024
7:55 AM