When I sell stocks via (Scottrade, Ameritrade, etc) does the transaction fee for every time I buy or sell get included in the cost basis of the stock?
========================================= MODERATOR'S COMMENT: Yes
Brokerage account
Oct 14, 2008
1 Replies
When you buy, yes. When you sell the selling commission either increases your basis or decreases your sale proceeds, depending on how the broker reports it to the IRS. The bottom line is the same.
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