Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
shouler-steve
New Member

Where do I deduct the stock trade fees by broker charged me (commissions)?

 
1 Best answer

Accepted Solutions
Marketstar
Level 7

Where do I deduct the stock trade fees by broker charged me (commissions)?

You will not deduct stock trade fees, but rather add them as a cost of purchase (basis) which will benefit you at the time of sale.

View solution in original post

ratings image
2 Replies
Marketstar
Level 7

Where do I deduct the stock trade fees by broker charged me (commissions)?

You will not deduct stock trade fees, but rather add them as a cost of purchase (basis) which will benefit you at the time of sale.

fanfare
Level 15

Where do I deduct the stock trade fees by broker charged me (commissions)?

This is all accounted for automatically on your consolidated 1099-B. There is nothing to do.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v