Greetings,
I sold shares of SLV last year and manually entered my long-term transactions.
In my Form 1099 from Schwab, there is a page reporting the Widely Held Investment Trusts.
The Gross Proceeds Investment Expense is $97.
Am I required to report this and, if so, how do I manually do that in TT?
I am using the standard deduction and not itemizing, if that has any bearing.
Many Thanks
Unfortunately investment expenses are not deductible under current tax law. So you don't need to enter that for your federal return.
Your state may allow the deduction. You can check that out and it may be useful there.
Unfortunately investment expenses are not deductible under current tax law. So you don't need to enter that for your federal return.
Your state may allow the deduction. You can check that out and it may be useful there.