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1099-INT RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: Where to enter fees?

where do I input and claim my miscellaneous fees?

Such as : Gold Subscription fee GLDSUBFEE

Robinhood Markets Inc for Robinhood Securities LLC Fees and Expenses on 1099-B states:

This section of your tax information statement may contain the detail of fees and investment expenses that are not accounted for in amounts reportable to the IRS on the various Forms 1099. You may
wish to consult with your tax advisor, the IRS or your state tax authority regarding the proper tax treatment.
These amounts are provided here to facilitate an accounting of all amounts received during the year and are totaled in the Reconciliations, Fees, Expenses and Expenditures found in the Summary
Information at the beginning of the statement.

 

Seemingly the 1099-INT Box 5 is specifically for "REMIC" and Gold Subscription Fees should not go there?

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1 Reply
MindyB
Employee Tax Expert

1099-INT RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: Where to enter fees?

Currently, and through 2025 miscellaneous itemized deductions have been eliminated so the investment fees are not deductible. 

 

Here is an article you may find helpful: Standard Deduction vs. Itemized Deductions: Which Is Better?

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