Where Do I Deduct "Payment in Lieu Paid" on Broker's 1099?

[evixdecz]

In my 1099, next to the Margin Interest line, there is a "Payment in Lieu Paid" number.

Where can I deduct this cost in Turbotax?

Thanks.

[EbonyA]

You may review this thread that discusses reporting Payment in Lieu Paid .

[evixdecz]

Thanks for your information.

My shorts are less that 45 days, so I will make adjustment to the cost basis, but where can I do it in Turbotax?

Thanks.

[DianeW777 · Accepted solution]

Yes, you add those fees to the cost basis.  Keep the information in your tax records about how you arrived at your cost basis for this transaction.

[evixdecz]

Great info.

Thank you.