RobertB4444
Employee Tax Expert

Investors & landlords

@Sdc2022 and @stevenma1  I understand where you're coming from - I really do - but taxes aren't always logical.  If you make money and then spend it on something that is non-deductible then you have to pay taxes on the money that you made and you don't get to deduct the thing that is non-deductible.  This is true of hats and financial advisory fees.  

 

Fees for the actual trades (per trade fees) can be added to the basis of the stock as the cost that you paid for the stock sold.  But overall fees for managing your account are not deductible on your tax return since the Tax Act of 2018.

 

Here are links to some further information.

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