Deduct charge for transfer between brokers?

Last year I closed out my Schwab account (a holdover from an account that a former employer required us to use to receive stock options and restricted stock) and transferred the remaing stock shares to my Fidelity account. Schwab charged $50 for this. Is this deductible as a miscellaneous investment expense (I believe I meet the 2% AGI minimum requirement)?

I looked at Pub 550, it doesn't seem to mention this type of expense specifically.

Reply to
Barry Margolin
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Yes, it is.

Ira Smilovitz, EA

Reply to
ira smilovitz

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