JamesG1
Expert Alumni

Investors & landlords

I agree with @CatinaT1 above.  It is likely that the broker sold a portion of your investment assets to pay their broker fees.  Report these sales.

 

Investment expenses used to be deductible as an itemized deduction subject to the threshold of 2% of adjusted gross income (AGI).  However, this deduction has been suspended by the Tax Cuts and Jobs Act of 2018.  This expense is no longer deductible,

 

You may be prompted to Review these entries but your broker will likely not be providing additional information.

 

You have the option of removing these twelve transactions and uploading the IRS form 1099-B which reports these transactions.  In the TurboTax Online version, a PDF of the IRS form 1099-B may be uploaded into the software.

 

In the TurboTax Desktop version, you may electronically file but must submit a paper copy of the IRS form 1099-B by US Mail to the IRS.

 

Please advise if information about these options is needed.

 

@rl02 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"