Investment Fees Income Tax Question

by Nick
(Dallas, Tx)

Investment Fees Income Tax Question

Investment Fees Income Tax Question

I pay an advisory fees to manage a portfolio of investments, mainly stocks, and the fees are based on the value of the portfolio.


Annually I get a summary of the gains and losses on that stock portfolio and I have been including the fees as an addition to the cost basis of my stocks, thus lowering the gains or increasing the losses on the sales transactions during the year.

Is this the proper way to handle investment advisory fees. The fees from the advisory are titled: Transaction/consulting/management fees.

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Investment Loss

by Ellen
(Yarley, PA)

We lost $30,000 in an investment and told there was not a write off for this. Is this true.

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