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The IRS will allow you to add the fees to the cost basis. They are not deductible in the current year unless you sell the stock.
Here is how to enter fees on stock sales that are not included in the sale proceeds reported on the form.
hello,
The answer provided assumed incorrectly that I had traded the foreign stock. I did not trade it. I owned it and it charged a fee once during the past year which appeared as a debit on my brokerage statement. I own various shares in a German company that in my account; it is not a mutual fund.
My question is where can i deduct these fees on my federal return...they reduce my total dividends.
Thanks
The IRS will allow you to add the fees to the cost basis. They are not deductible in the current year unless you sell the stock.
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