Where do i enter depository receipt fees on my 1099b
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1 Best answer
AlanT222
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
MargaretL
Expert Alumni
Jun 3, 2019 4:41:17 PM
Depository receipt are entered as your investment expenses:
Federal Taxes
Deductions & Credits
Scroll
down to Retirement and Investments
Select Other Investment Expenses
brig123
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?
AlanT222
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.