add these things to securities' basis ?

Feb 19, 2009 5 Replies

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JGE 17 years ago

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

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mmurrell 17 years ago

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%

Sorry, but that is the tax law!

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JGE 17 years ago

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

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Seth 17 years ago

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

Seth

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JGE 17 years ago

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.

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hrhofmann 17 years ago

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.

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