Stock Fees and Expense

[mgawro01]

I have several stock expenses which aren't included in the cost basis.  For example a reverse split of $38 can I add that to the cost basis of the stock or best just to not include

[RobertB4444]

There are several costs that you are allowed to add to the stock basis in a trade.  These include commissions and fees for transfer or recording.  Stock splits usually just spread the basis across more shares and reverse splits usually increase the basis of what was paid for the shares by combining costs.  TurboTax will ask you if you need to adjust the basis and why so you should do so if you have reason for it.  But make certain to maintain any and all records that support your numbers in case you're ever asked.

Here's some IRS guidance on stock basis.  It's wordy but it's handy to know.

[Mike9241]

In a straight reverse stock split, normally the broker would adjust the per share cost, but your total cost remains the same. Just fewer shares. We would need to know which types of expenses you are asking about, as many are no longer deductible.  Exceptions may arise if there is a taxable reorganization