@imnion wrote:
How can I deduct that additional $1500 from the 1099?
You might want to pose this question to the firm. A fee to withdraw funds (principal) from your account that you deposited in order to enable you to trade shares? In addition to the other fees charged, that appears either incorrect or a simple money grab for doing essentially nothing.
Since even investment management fees are no longer deductible as miscellaneous itemized deductions (thanks to tax reform, the TCJA), it is unlikely this particular fee would be deductible either.
