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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?


To: Nelson Chang who wrote (815)4/18/1999 2:25:00 PM
From: Colin Cody  Respond to of 1383
 
A normal sales commission (or markup/markdown) for each buy or sell transaction increases the cost/tax basis of the stock bought or reduces the sales price.

A fee for the investment/trading account in the aggregate is oftentimes deductible as investment expense on Sch A or other expense Sch C.