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jtdeckman
New Member

I closed a brokerage account and transferred the assets to another broker. The first broker charged a "Transfer of Assets" fee. Is this a deductible expense?

 
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KenH1
New Member

I closed a brokerage account and transferred the assets to another broker. The first broker charged a "Transfer of Assets" fee. Is this a deductible expense?

Yes, account transfer fees are deductible as an investment expense, but see below for the possible limitation:

https://ttlc.intuit.com/replies/5765464

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KenH1
New Member

I closed a brokerage account and transferred the assets to another broker. The first broker charged a "Transfer of Assets" fee. Is this a deductible expense?

Yes, account transfer fees are deductible as an investment expense, but see below for the possible limitation:

https://ttlc.intuit.com/replies/5765464

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