Where do i enter depository receipt fees on my 1099b

bloturbo · ‎June 3, 2019

AlanT222 · ‎February 14, 2021

Due to the Tax Cuts and Job Acts TCJA, you can no longer deduct any of the investment expenses. Before the TCJA, they were allowed on your Schedule A as miscellaneous expenses that are subject to 2% of your Adjusted Gross Income AGI.

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MargaretL · ‎June 3, 2019

Depository receipt are entered as your investment expenses:

Federal Taxes
Deductions & Credits
Scroll down to Retirement and Investments
Select Other Investment Expenses

brig123 · ‎February 12, 2021

How do I take credit for Depository receipt fees on my tax Form1040. Do I have to go to 1099b?

AlanT222 · ‎February 14, 2021

Due to the Tax Cuts and Job Acts TCJA, you can no longer deduct any of the investment expenses. Before the TCJA, they were allowed on your Schedule A as miscellaneous expenses that are subject to 2% of your Adjusted Gross Income AGI.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Where do i enter depository receipt fees on my 1099b