http://genxfinance.com/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/ Helping a unique generation achieve financial independence. Thu, 24 May 2012 01:09:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://genxfinance.com/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/comment-page-1/#comment-503056 managed futures Tue, 17 Apr 2012 06:11:18 +0000 http://genxfinance.com/2007/05/16/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/#comment-503056 Most people think of futures, to be similar to gambling, involving large amounts and risks. While the existence of risks cannot be denied, it is still known to be one of the most popular forms of trading. Future contracts, as the name suggests, are decided for a particular period for certain commodities. These commodities include expensive metals like gold, copper, or currencies, or agricultural commodities like rice, wheat, etc.   (managed futures) http://www.kisfutures.com Most people think of futures, to be similar to gambling, involving large amounts and risks. While the existence of risks cannot be denied, it is still known to be one of the most popular forms of trading. Future contracts, as the name suggests, are decided for a particular period for certain commodities. These commodities include expensive metals like gold, copper, or currencies, or agricultural commodities like rice, wheat, etc.
 
(managed futures) http://www.kisfutures.com

]]> http://genxfinance.com/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/comment-page-1/#comment-503032 ll37 Mon, 09 Apr 2012 18:18:54 +0000 http://genxfinance.com/2007/05/16/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/#comment-503032 So you didn't mention "how" you are supposed to adjust this cost basis?  Are you to raise the cost basis by the $20 fees or ?  My net proceeds come across with the net - my cost basis has the fee added in, but of course they reduced my sale proceed by the fee as well.  I just want to make sure I'm getting all of the fee deductions and that I'm accounting for them properly.  Please elaborate.  So you didn’t mention “how” you are supposed to adjust this cost basis?  Are you to raise the cost basis by the $20 fees or ?  My net proceeds come across with the net – my cost basis has the fee added in, but of course they reduced my sale proceed by the fee as well.  I just want to make sure I’m getting all of the fee deductions and that I’m accounting for them properly.  Please elaborate. 

]]> http://genxfinance.com/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/comment-page-1/#comment-129434 John Gamble Sat, 20 Mar 2010 15:15:15 +0000 http://genxfinance.com/2007/05/16/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/#comment-129434 Can you deduct year end broker fees to manage your account? How about if those fees are to manage your IRA? Is there a difference in the method of handling if the fees are paid by check to the Broker or if they are deducted from the account? Can you deduct year end broker fees to manage your account? How about if those fees are to manage your IRA?
Is there a difference in the method of handling if the fees are paid by check to the Broker or if they are deducted from the account?

]]> http://genxfinance.com/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/comment-page-1/#comment-127334 steve altman Sun, 21 Feb 2010 17:56:50 +0000 http://genxfinance.com/2007/05/16/questions-from-readers-can-i-deduct-brokerage-commissions-paid-to-trade-stocks-for-tax-purposes/#comment-127334 re brokerage fees that are charged quarterly as a financial management fee and not for each trade....i know its deductible on schedule A under miscellaneous but given that the amounts dont exceed 2% if the AGI in effect i dont get the deduction....is there another area of the tax return that i can deduct these brokerage fee re brokerage fees that are charged quarterly as a financial management fee and not for each trade….i know its deductible on schedule A under miscellaneous but given that the amounts dont exceed 2% if the AGI in effect i dont get the deduction….is there another area of the tax return that i can deduct these brokerage fee

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