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New Member
posted Apr 6, 2021 9:41:54 PM

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

0 5 8482
5 Replies
Level 15
Apr 7, 2021 3:08:21 AM

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

New Member
Apr 7, 2021 10:01:13 AM

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!

Level 15
Apr 7, 2021 10:12:24 AM

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. 

New Member
Apr 7, 2021 10:46:59 AM

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.

Level 15
Apr 7, 2021 10:50:07 AM

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.