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Should I be taxed on gross or net interest and dividends? I was charged fees that reduce the net income, but Turbotax does not offset these costs in its calculations.
I did not receive a 1099 INT or DIV for this income. I was provided interest and dividends earned and fees charged. If I report the gross proceeds, I am overstating the actual income received. Do I adjust the amount of interest and dividends by the amount of fees or report gross income to the IRS?
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March 2, 2020
2:55 PM