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Question

Brad Carter
Staff

Brad Carter asked 10 months ago in Investment Brokerages

Stock fees tax deductable?

Are stock trade transaction fees tax deductible?

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csiley
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I LOST 6K WHEN I SWITCHED FROM ONE BROKERAGE FIRM TO ANOTHER ON MY IRA, IS THAT LOSS DEDUCTABLE

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Ari Weinberg
FiLife Contributor
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Commissions are only deductible at the point at which you sell a stock. You can add the commission to your purchase price and subtract it from your proceeds of sale. So it effectively reduces your gain and is a "deduction".

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