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Level 1

How to report 1099-DIV ADR fees

 
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Level 7

How to report 1099-DIV ADR fees

They are a possible deduction for you.

These are investment expenses deducted on Schedule A (Itemized Deductions).  If you take the standard deduction then you don't really get to deduct them.  Also, only the amount of investment expenses in excess of 2% of AGI actually get included in the itemized deductions total.  So most people don't even bother to enter these sort of expenses unless it's a really significant amount.

  • Enter them under the   Deductions & Credits > Retirement and Investments > Other Investment Expenses 

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Level 1

How to report 1099-DIV ADR fees

It appears to me that most people will lose the use of this fee on their tax returns (because of the 2% limitation).  Why not keep track of it and when you sell the ADR adjust the purchase price to take into account all the fees you paid.
Level 7

How to report 1099-DIV ADR fees

@Aircarl  Investment expenses are not expenses of sale and therefore this doesn't allow for this option.
Level 7

How to report 1099-DIV ADR fees

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Level 1

How to report 1099-DIV ADR fees

According to some IRS publications "The basis of stock must be adjusted for certain events that occur after purchase".
Level 7

How to report 1099-DIV ADR fees

They are a possible deduction for you.

These are investment expenses deducted on Schedule A (Itemized Deductions).  If you take the standard deduction then you don't really get to deduct them.  Also, only the amount of investment expenses in excess of 2% of AGI actually get included in the itemized deductions total.  So most people don't even bother to enter these sort of expenses unless it's a really significant amount.

  • Enter them under the   Deductions & Credits > Retirement and Investments > Other Investment Expenses 

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rv2
Level 4

How to report 1099-DIV ADR fees

is this in ref to 2018 taxes?
My understanding is that these expenses are no longer tax deductible for federal purposes from 2018 onwards. Appreciate a confirmation.