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Restructure fee
I had a stock that did a reverse split. This process turned what did not equal a full stock to be sold off. Etrade charges a restructure fee. The fee would be charged regardless of rather I sold some off or not. My statement does not figure in the 38 fee. My question is can I take it off what was sold this year or does that have to stay with the unsold investment until it is sold?
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Restructure fee
Fees can be added to the basis of stock when it is sold. They are no longer deductible otherwise.
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Restructure fee
Let me try to clarify. Can I claim it on the forced sale or do I have to wait until I sell my remaining shares in the future. I wasn't forced to sell all of them at the time of the sale. As it's still the same stock.
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Restructure fee
@kemo1a To clarify, is that restructuring fee $38?
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Restructure fee
I guess I stated it wrong it's listed as a MANDATORY REORG FEE CHARGED as opposed to a restructure fee.
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Restructure fee
You will add it to the basis of the stock WHEN IT IS SOLD.