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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- Re: 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
