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    jacquine's Avatar
    jacquine Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 9, 2009, 08:29 AM
    Brokerage fees on stock purchases
    Is is possible to deduct brokerage fees on stock purchases from investment companies like TD Ameritrade?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 9, 2009, 09:37 AM

    When you purchase stock, the brokerage fees is part of your cost. That is brokerage is added in the cost.
    walt17's Avatar
    walt17 Posts: 335, Reputation: 28
    Full Member
    		  
    #3

    Feb 9, 2009, 09:57 AM
    When you view your trade confirmations or 1099b, the cost and proceeds include the trading cost. So use those amounts and you will be OK.
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