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laxniez32
New Member

RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: where do I input and claim my miscellaneous fees?

 
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5 Replies

RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: where do I input and claim my miscellaneous fees?

what form? fees for what? is that income or expenses? 

laxniez32
New Member

RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: where do I input and claim my miscellaneous fees?

This is from a 1099-INT investments form. I provided the block title and the expense name in the question and it is an expense. Thanks!

RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: where do I input and claim my miscellaneous fees?

please look at page 2 of the link; that is the 1099-int form, you should enter the form your received against the line items noted on page 2.  Normally the brokerage firms indicate which lines on their version of the 1099-int map to the official IRS form

 

https://www.irs.gov/pub/irs-pdf/f1099int.pdf

 

if these are management fees, etc. they are not deductible in any event. 

 

what is confusing me is that the 1099-int is to report income; there should not be any expense on there. 

laxniez32
New Member

RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: where do I input and claim my miscellaneous fees?

The form I received for tax filing was a consolidated 1099, which includes the 1099-DIV, 1099-INT, 1099-B, that 'miscellaneous expense' was under the 1099-B section.

RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES: where do I input and claim my miscellaneous fees?

well that makes more sense that it would be on the 1099-B - that is what I expected

 

but again, those expenses are normally not deductible anywhere.

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