1099b lists summaries for ST income, LT income, and a summary for Other Deductions for custodian & mgt fees (allocable). Where to I put these allocable fees on the form?
on my 1099b form, I receive summaries for short term income, long term income, and a summary for Other Deductions related to custodian and management fees (allocable). Where to I put these allocatable fees on the form?
1099b lists summaries for ST income, LT income, and a summary for Other Deductions for custodian & mgt fees (allocable). Where to I put these allocable fees on the form?
Eligible custodian fees and advisory fees are considered investment expenses and are deducted on Schedule A as a miscellaneous itemized deduction. You may deduct the amounts you paid that were above 2% of your AGI.
1099b lists summaries for ST income, LT income, and a summary for Other Deductions for custodian & mgt fees (allocable). Where to I put these allocable fees on the form?
Eligible custodian fees and advisory fees are considered investment expenses and are deducted on Schedule A as a miscellaneous itemized deduction. You may deduct the amounts you paid that were above 2% of your AGI.
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