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Investors & landlords
Did the broker sell a portion of your investment in order to pay their broker fees? If so, you would report these sales with $0 basis.
The same amount is reported as investment expense. 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,
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‎April 8, 2024
4:05 PM