Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
kgunch
Returning Member

How does an investment adviser allocate trading fees as business expenses?

I'm a financial advisor and manage my clients' investments.  As such, I pay for some of my clients' trading fees when I buy or sell their holdings.  Under what expense category should I list the fees?

2 Replies
Mike9241
Level 15

How does an investment adviser allocate trading fees as business expenses?

think up your own descriptive category. 

Critter-3
Level 15

How does an investment adviser allocate trading fees as business expenses?

There are 17 unique categories for entering business expenses in the TurboTax Home and Business program for a Schedule C.  If you have a particular expense that does not fit in the other 16 categories listed use Other Miscellaneous Expenses at the bottom of the list.

  • Click on Business
  • Click on Business Income and Expenses
  • Click on I'll choose what I work on
  • On Profit or Loss from Business, click on the start or update button

On the next screen, click on Edit for your business listed.

On the next screen scroll down to Business Expenses

On Other Common Business Expenses, click on the start or update button

Dynamic AdsDynamic Ads
Privacy Settings
v