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tjs2222
New Member

Where do I deduct commissions and fees for stock trades?

 
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Accepted Solutions
HelenaC
New Member

Where do I deduct commissions and fees for stock trades?

The commissions would be deducted from the Sales Proceeds. In most cases the amount reported has already been reduced by any fees or commissions. 

However, if you need to report fees, commission, or other sales expenses that were not subtracted from the proceeds reported on Form 1099-B, you can enter these expenses by selecting 'This sale involves an employee stock plan (including ESPP) or an uncommon situation' for this transaction.

See the screenshot below.

View solution in original post

1 Reply
HelenaC
New Member

Where do I deduct commissions and fees for stock trades?

The commissions would be deducted from the Sales Proceeds. In most cases the amount reported has already been reduced by any fees or commissions. 

However, if you need to report fees, commission, or other sales expenses that were not subtracted from the proceeds reported on Form 1099-B, you can enter these expenses by selecting 'This sale involves an employee stock plan (including ESPP) or an uncommon situation' for this transaction.

See the screenshot below.

View solution in original post

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