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New Member
posted Jun 3, 2019 4:41:15 PM

Where do i enter depository receipt fees on my 1099b

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1 Best answer
Expert Alumni
Feb 14, 2021 6:43:04 PM

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. 

 

 

3 Replies
Expert Alumni
Jun 3, 2019 4:41:17 PM

Depository receipt  are entered as your investment expenses:

  1. Federal Taxes 
  2. Deductions & Credits
  3. Scroll down to Retirement and Investments
  4. Select Other Investment Expenses

New Member
Feb 12, 2021 4:50:12 PM

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

Expert Alumni
Feb 14, 2021 6:43:04 PM

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.