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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- Is Investment Misc Fees deductible? Where to input in ProSeries?
Is Investment Misc Fees deductible? Where to input in ProSeries?
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Mona Song
Level 1
04-10-2023
10:42 PM
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Hi,
My client has investment account with Ameritrade. Apparently, there are some Misc Fees includes Depository receipt fee. Are they deductible to reduce the dividends /Capital Gains ? Where to inpu them in ProSeries?
Thank you!
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2 Comments 2
jeffmcpa2010
Level 11
04-11-2023
12:26 AM
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They used to be a misc. itemized deduction - no longer available for federal, might be available to some states.
Just-Lisa-Now-
Level 15
04-11-2023
07:10 AM
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When you double click on the Sch B dividends entry line, that additional worksheet has a spot for it, but you wont see any difference on the federal return, only some states still allow it.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
