NextPrevious

Taxes

Investing and Taxes

What about my commissions for executed trades? Are they deductible?

No, commissions and other costs of acquiring or disposing of securities are not deductible, but must be used to figure gain or loss when you dispose of or sell the securities. Please see IRS Publication Topic 703, “Basis of Assets”, for additional information.



Close

This is a web preview of the "The Handy Investing Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App