can you claim tax deduction on brokerage fees?, page-3

  1. 2,138 Posts.
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    Yes, always calculate your purchase and or sale without the brokerage component which leaves your brokerage as an expense.

    When you buy but do not sell, it is an expense.

    When you buy year 1 but sell year 2, it is an expense in both years.

    When you buy and sell in same year, you have 2 expenses in same year.

    TC.
 
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