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Level 2
posted Mar 7, 2020 1:10:38 PM

In my brokerage tax statement, a part "supplemental information not reported to the IRS" with -21.11 in "proceeds investment expenses" for Gold ETF. Where enter in turbo?

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1 Replies
Expert Alumni
Mar 8, 2020 9:53:13 AM

Under the new tax law Investment Expenses/Fees are no longer deductible.

 

Before 2018 you could only deduct a portion of them if you Itemized your Deductions and your investment expenses exceed 2% of your AGI.