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Level 2
Mar 6, 2024 8:35 PM UTC
Question

Foreign stock fee deduction

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

Alumni - Intuit
Mar 6, 2024 8:48 PM UTC

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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