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add these things to securities' basis ?

I have the following expenses related to some investments I sold:

-account maintenance fee for a brokerage account (the account is new closed, but I held the sold mutual funds there awhile): $60 per year for several years

-DHL service for paperwork for founders stock of a startup: $37

My question is, can I add these amounts to the cost basis for the liquidated securities ?

Yes, I realize that I can probably deduct them on Schedule A, but it's subject to the

2% AGI exclusion, so that doesn't really help.

Thanks, John

Reply to
JGE
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This fee would be deductible in each year (not combined) it was incurred as a misc. itemized deduction subject to the 2%.

this is also a misc. itemized deduction subject to the 2%

NO

Sorry, but that is the tax law!

Reply to
mmurrell

That's what I wanted to know (or didn't want to know). Thanks ...

Reply to
JGE

Isn't it part of the cost of acquiring the stock?

Seth

Reply to
Seth

Actually, it was part of the cost of liquidating the stock, but your point still remains - maybe it can be deducted from the proceeds same as a commission would be, but the first responder seemed pretty sure not.

Reply to
JGE

,

I have always (for 45 years) deducted that type of expense as a cost of buying / hold/selling the stock certificates and neer been disputed.

Reply to
hrhofmann

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