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?
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1 Replies
RobertB4444
Expert Alumni
Mar 6, 2024 12:48:02 PM
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.