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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (2397)12/5/1998 12:27:00 PM
From: Boca_PETE  Respond to of 15132
 
DD: RE:< Tax Question about Broker Commissions & Cap Gains>

In figuring a capital gain (loss) for tax purposes, I believe that:

* Cost Basis should INCLUDE brokers commissions.

* Sales Proceeds should be NET of broker commisions.

P



To: DD™ who wrote (2397)12/5/1998 1:58:00 PM
From: marc ultra  Respond to of 15132
 
Double D re<<<TAX QUESTION FOR The Justa & Lars Honors Bob Brinker Investment Club

Can broker commissions be deducted/added from/to capital gains/losses?>>>

I'm not an accountant but the answer is yes. When you figure your cost basis you should include commissions etc and your sell transaction should be the money you receive after commission.

'However before making any transaction of course discuss with your CPA and financial planner(:--)

marc


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