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- STOCKS FEE AND EXPENSE
STOCKS FEE AND EXPENSE
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singh
Level 7
03-12-2022
12:33 AM
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On 1099B under ' RECONCILIATION, FEES, EXP. AND EXPENDITURES' there is $1950 for Fees & Expenses- Margin interest.
Where does this go on form 1040/ 1099B?
Can this be deducted.
Thank you.
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2 Comments 2
jeffmcpa2010
Level 11
03-12-2022
04:33 AM
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Try form 4952 Investment Interest Expense - It might work there, but it's been so long since I have used it I can't be sure with out reading up on it - but that's where I would start looking.
Skylane
Level 11
03-12-2022
04:50 AM
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If it’s a consolidated 1099 double click on the line on Schedule B that you entered the dividends and it will open a worksheet where you can put margin interest
If at first you don’t succeed…..find a workaround
