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S
singh
Level 6
March 12, 2022
Question

STOCKS FEE AND EXPENSE

  • March 12, 2022
  • 2 replies
  • 11 views

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.

This topic has been closed for replies.

2 replies

J
jeffmcpa2010
Level 10
March 12, 2022

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
    SkylaneIntuit Community Champion
    Intuit Community Champion
    March 12, 2022

    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
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