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proud-mom-23
New Member

Can I claim misc. fees reported to me by Scottrade Inc.?

If so, where?
1 Best answer

Accepted Solutions
DS30
New Member

Can I claim misc. fees reported to me by Scottrade Inc.?

It depends but if these Miscellaneous fees relate to your investment activities, you will be able to include them under the other deductible expenses section. (These deductible miscellaneous expenses are subject to a 2% AGI limitation and are only deductible if you itemize.).

You will need to go the Federal Taxes>Deductions and Credits>I'll choose what I work on (or jump to full list)> scroll down to section  - other deductions and credits > other deductible expenses- select start or update

  • Generation-Skipping Taxes - select "no"
  • Less Common Expenses - select "yes"
  • Enter your additional investment expenses here (see attached screenshot)

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2 Replies
DS30
New Member

Can I claim misc. fees reported to me by Scottrade Inc.?

It depends but if these Miscellaneous fees relate to your investment activities, you will be able to include them under the other deductible expenses section. (These deductible miscellaneous expenses are subject to a 2% AGI limitation and are only deductible if you itemize.).

You will need to go the Federal Taxes>Deductions and Credits>I'll choose what I work on (or jump to full list)> scroll down to section  - other deductions and credits > other deductible expenses- select start or update

  • Generation-Skipping Taxes - select "no"
  • Less Common Expenses - select "yes"
  • Enter your additional investment expenses here (see attached screenshot)
Bsch4477
Level 15

Can I claim misc. fees reported to me by Scottrade Inc.?

You can only deduct misc expenses if the total of them is greater than 2% of our AGI.
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