https://ttlc.intuit.com/community/taxes/discussion/where-do-i-deduct-commissions-and-fees-for-forex-trades/01/39921#M16648 Sat, 01 Jun 2019 00:34:06 GMT subatta 2019-06-01T00:34:06Z https://ttlc.intuit.com/community/taxes/discussion/where-do-i-deduct-commissions-and-fees-for-forex-trades/01/39921#M16648 Sat, 01 Jun 2019 00:34:06 GMT https://ttlc.intuit.com/community/taxes/discussion/where-do-i-deduct-commissions-and-fees-for-forex-trades/01/39921#M16648 subatta 2019-06-01T00:34:06Z https://ttlc.intuit.com/community/taxes/discussion/hi-does-the-same-applies-to-stocks-i-did-some-daytradin/01/39939#M16653 Hi. Does the same applies to stocks? I did some daytrading and I got charged fees for daytrading platform. I am not a daytrader. Sat, 01 Jun 2019 00:34:07 GMT https://ttlc.intuit.com/community/taxes/discussion/hi-does-the-same-applies-to-stocks-i-did-some-daytradin/01/39939#M16653 ivankaczech 2019-06-01T00:34:07Z https://ttlc.intuit.com/community/taxes/discussion/it-depends-on-whether-you-are-a-trader-or-an-investor-i/01/39948#M16659 <P>It depends on whether you are a trader or an investor.&nbsp; If you are a trader you should add the commissions and fees to the purchase price of the currency.&nbsp; You will recover these costs when you sell the position at a gain.&nbsp; If you sell the position at a loss, these costs will increase your loss.</P><P> </P><P>If you are an investor, you can deduct these expenses in the Other Deductible Expenses section of Other Deductions and Credits as Investment Expenses.&nbsp; You can enter the Description and Amount for these fees.&nbsp; See the attached screen shot. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</P> Sat, 01 Jun 2019 00:34:10 GMT https://ttlc.intuit.com/community/taxes/discussion/it-depends-on-whether-you-are-a-trader-or-an-investor-i/01/39948#M16659 JohnH2 2019-06-01T00:34:10Z