JamesG1
Expert Alumni

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,

 

@Mike8 

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