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Level 2
March 6, 2024
Question

Foreign stock fee deduction

  • March 6, 2024
  • 1 reply
  • 6 views

My brokerage charges an annual fee for holding foreign stock. How can I deduct this expense? There is also a separate fee every time foreign stock pays dividends. How to deduct this?

1 reply

Level 15
March 6, 2024

As an individual investment expenses are no longer deductible.  Under the 'Tax Cuts and Jobs Act' passed in 2017 they won't be deductible until at least 2025.

 

As a business entity you could deduct investment fees.

 

@000000000000 

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