cawooz
New Member

Are commissions paid to brokers from taxable accounts, tax deductible? Also, the same question with regard to IRA accounts that have an RMD?

My broker sells and buys stock in 3 accounts.  One is a brokerage account, one is a personal IRA, (from which I am not yet required to take an RMD).The last account is a beneficiary IRA from which I do receive an RMD.

There are commissions listed for transaction.  Are those commissions tax deductible? If so, on which accounts?  And where do I put it in Turbo Tax for Home and Business?