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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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5 Replies
RobertB4444
Expert Alumni

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.

DaveF1006
Expert Alumni

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. 

RobertB4444
Expert Alumni

Restructure fee

You will add it to the basis of the stock WHEN IT IS SOLD.  

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