in Events
1669654
You'll need to sign in or create an account to connect with an expert.
The IRS does not allow you to write off transactions fees, such as brokerage fees and commissions, when you buy or sell stocks. Instead, you can add the amount of those fees to the purchase price of your stock. The purchase price plus the cost to acquire your stock equals your cost basis.
Your broker should account for these fees automatically in the basis of your stock or in the sales price ... check the 1099-B or ask the broker.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Raph
Community Manager
in Events
vol2Smile
Level 1
Phuc.nguyen.op
New Member
amymrdh
New Member
Jd152
New Member