golf22
New Member

My 1099 brokerage statement has a "Fees and Expenses" section at the end, pertaining to a gas and oil royalty reported on the 1099misc. Is this tax deductible?

The same figures are reported under "Reconciliations, Fees, Expenses, and Expenditures"  Can I deduct "Total Admistrative Expense" from "Total Misc. Income"?