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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?

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1 Reply
RobertB4444
Expert Alumni

Foreign stock fee deduction

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.

 

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